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Options trade on the common stock of Dieter, Gmbh that have a strike price of $49 .00 and a premium of $ 1.50 . Calculate

Options trade on the common stock of Dieter, Gmbh that have a strike price of $49.00 and a premium of $1.50. Calculate the net profit or loss from BUYING a CALL option on Dieter if at the time of expiration the price per share of Dieter is $52.00.

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