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Pomona Inc. has purchased shares of stock M at $ 2 8 per share. It will sell the stock in six months. It considers using

Pomona Inc. has purchased shares of stock M at $28 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 $23, the expiration date is six months, and the premium on the call option is $2.50. If the price of stock M in 6 months is $29.7, what is the profit or loss per share if a covered call is used?
Answer: $________

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