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Pomona Inc. has purchased shares of stock at $ 3 0 per share. It will sell the stock in six months. It considers using a

Pomona Inc. has purchased shares of stock at $30 per share. It will sell the stock in six months. It considers using a strategy of covered call writing to partially hedge its position in this stock. The exercise price is $30, the expiration date is six months, and the premium on the call option is $3.5. If the price of stock M in 6 months is $22, what is the profit or loss per share if a covered call is used?
Answer: $________

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