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QUESTION 5 You buy three contracts of a call option at an exercise price of $50. You exercise this option four months after you buy

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QUESTION 5 You buy three contracts of a call option at an exercise price of $50. You exercise this option four months after you buy the option when the market price reaches 8% above the exercise price. The option premium per share is $1.50. The total net profits before taxes are closer to: A. $750 B. 500% C. Cannot be solved because we do not have the tax rate D. Below 500% E. 750% Sa

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