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Maryanne paid $237 for a call option on a stock. The option gives her the right to buy the stock for $26.73 per share until
Maryanne paid $237 for a call option on a stock. The option gives her the right to buy the stock for $26.73 per share until March 1st. On February 15th, the stock price rises to $32.31 per share, and Maryanne exercises her option. What is Maryanne's return from this transaction?
(Hint: Ignore transaction costs.)
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