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Question 11 help Thanks 11) An investor purchases an ABC 60 call for $1.50 in January with March expiration. Following a stock price increase in

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Question 11 help Thanks

11) An investor purchases an ABC 60 call for $1.50 in January with March expiration. Following a stock price increase in February, ABC 60 calls are trading for $7.50, ABC 70 calls are trading for $2.00, and ABC 70 puts are trading for $2.00. All option contracts cover 100 shares and have March expiration. As a follow-up strategy in February, the investor sells an ABC 60 call for $7.50 and purchases three ABC 70 calls at $2.00/each. What is the profit or loss from the overall strategy if the stock price is $75 at expiration

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