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Teresa purchased a call option on a stock for $ 4 8 2 . The option allows her to purchase the stock for $ 3

Teresa purchased a call option on a stock for $482. The option allows her to purchase the stock for $33.86 per share if she exercises the option by December 31st. On December15th, the stock rises to $47.22 per share and Teresa exercises the option. What is Teresa's return? (Hint: Ignore transaction costs.)

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