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The cost of a call option on HSB stock with a strike price of $45 is $1.69. The option has 1 months until expiration. You
The cost of a call option on HSB stock with a strike price of $45 is $1.69. The option has 1 months until expiration. You purchase 9 contracts. On the expiration date, the stock was valued at $46.25 a share. What is your profit or loss on the option contracts? Answer should be formatted as a number with 2 decimal places (e.g. 99.99).
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