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Q4v2 4. JP Morgan's current stock price is $104.50. You purchase 7 December $110 call options on JP Morgan. The call premium (i.e., call price)

Q4v2

image text in transcribed 4. JP Morgan's current stock price is $104.50. You purchase 7 December $110 call options on JP Morgan. The call premium (i.e., call price) on these options is $4.55. If JP Morgan's stock price at expiration is $118.25, what is your dollar profit or loss on this investment at expiration

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