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Q12 Finance hw You purchase 9 call option contracts with a strike price of $87.5 and an option premium of $3.13. You hold the options

Q12 Finance hw

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You purchase 9 call option contracts with a strike price of $87.5 and an option premium of $3.13. You hold the options until the expiration date. On the expiration date the stock was selling for $93.11 a share. What is your return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)

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