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The following price quotations are for exchange-listed options on Primo Corporation common stock. Company Primo 61.12 Strike 56 Expiration February Call 7.29 Put 0.49 Required:

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The following price quotations are for exchange-listed options on Primo Corporation common stock. Company Primo 61.12 Strike 56 Expiration February Call 7.29 Put 0.49 Required: With transaction costs ignored, how much would a buyer have to pay for one call option contract. Assume each contract is for 100 shares. Amount for one call option contract

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