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Question 1. A trader sells 100 European call options with a strike price of $20 and a time to maturity of one year. The price

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Question 1. A trader sells 100 European call options with a strike price of $20 and a time to maturity of one year. The price of each option is $2. The price of the underlying asset turns out to be $25 at maturity. What is the trader's profit in this trade? (circle one) (a) $500 (b) $200 (c) $-300 (cl) $-200

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