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Suppose that you sell for $5 a call option with a strike price of $63, and you purchase for $29 a share of the stock.

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Suppose that you sell for $5 a call option with a strike price of $63, and you purchase for $29 a share of the stock. a) What is the maximum profit possible on the exercise date? Answer = $ b) What is the stock price at the exercise date that will result in you breaking even? Answer = $ [Note: Assume a zero rate of interest.]

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