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Roland purchased 30 European call contracts on stock BEAM. The contracts each have a strike price of 135 and expiration time of 15 months. The

Roland purchased 30 European call contracts on stock BEAM. The contracts each have a strike price of 135 and expiration time of 15 months. The initial stock price was 125, and the stock price was 150 at expiration. With a risk-free rate of 0.05, Rolands total profit was 100. What was the premium (initial investment) for one call contract? Round your response to two decimal places.

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