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Rosa purchased three call option contracts on ABC stock with a strike price of $27.50 when the option premium was quoted at $1.11 per share.

Rosa purchased three call option contracts on ABC stock with a strike price of $27.50 when the option premium was quoted at \$1.11 per share. The option expires today when the value of ABC stock is $29.30. Ignoring trading costs and taxes, what is the net profit on this investment? Assume one contract is worth 100 units 210 0 207 70 140

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