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Suppose that a September call option with a strike price of $50 costs $13.5. Under what circumstances will the seller (or writer) of the option

Suppose that a September call option with a strike price of $50 costs $13.5. Under what circumstances will the seller (or writer) of the option earn a profit? Let S equal the price of the underlying.

s<63.5

s>63.5

s<36.5

s<50

s>50

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