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Suppose you were to buy one XYZ August 7 0 call for $ 4 and write one XYZ August 7 2 call for $ 5

Suppose you were to buy one XYZ August

70

call for $

4

and write one XYZ August

72

call for $

5 .

At expiration, the price of XYZ stock is $

80 .

What is your net profit?

(

hint: there are

100

shares per option contract

)

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