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suppose you purchase 15 call contract on Scholes Co. stock. The strike price is $220, and the premium is $10. If the stock is selling
suppose you purchase 15 call contract on Scholes Co. stock. The strike price is $220, and the premium is $10. If the stock is selling for $240 per share at expiration, what are your call options worth? What is your net profit? What if the stock were selling for $230? $220?
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