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The portfolio consisting of one long 120 call contract (equaling 100 shares). Ignoring the time value of money, what is the profit or loss on

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The portfolio consisting of one long 120 call contract (equaling 100 shares). Ignoring the time value of money, what is the profit or loss on this position at expiration of the call option if the option costs $5 and price of the underlying stock at expiration is $123 per share? You will break even. $300 loss $200 profit $300 profit $200 loss

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