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Problem 3. 18 ptsl. You own a call option on Saputo Inc (SAP.TO) stock with a strike price of $38. When you bought the call,

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Problem 3. 18 ptsl. You own a call option on Saputo Inc (SAP.TO) stock with a strike price of $38. When you bought the call, its cost to you was $4.15. The option will expire in exactly six months' time. (Show your calculations) a. If the stock is trading at $48 in six months, what will be the payoff of the call? What will be the profit of the call? b. If the stock is trading at $28 in six months, what will be the payoff of the call? What will be the profit of the call

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