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q.2 2.You purchase seven call contract on American Airline stock with exercise price of 25 that expires in July for a premium of $1.60. You

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2.You purchase seven call contract on American Airline stock with exercise price of 25 that expires in July for a premium of $1.60. You hold the option until the expiration date, when the stock sells for $27.4 per share. Calculate the profit on your investment

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