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Please show work: With regard to futures options, how much profit would an investor make if she bought a call option on gold at 7.74
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With regard to futures options, how much profit would an investor make if she bought a call option on gold at 7.74 when gold was trading at $484 an ounce, given that the price of gold went up to $533 an ounce by the expiration date on the call? (Note: Assume the call carried a strike price of 480 .) The profit would be $ (Round to the nearest dollar.)Step by Step Solution
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