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Suppose that it is 9 / 1 5 / 2 0 2 3 and that you own 1 , 0 0 0 shares of XYZ

Suppose that it is 9/15/2023 and that you own 1,000 shares of XYZs common stock. You do not believe that XYZs common stock will perform all that well, so you are considering writing an equivalent number of covered calls using the December 2023, X =55 call option. Explain your potential gains and losses (in dollar terms) from following this strategy. Assume you dont know the prices from 11/15/2023. Selected Option Quotations for XYZ Corp (use in questions 4-7)
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