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The price of a stock is $73. A trader buys a call option contracts on the stock with a strike price of $70 when the
The price of a stock is $73. A trader buys a call option contracts on the stock with a strike price of $70 when the option price is $4. On expiration date, the stock price rises to $80. How much is the trader's profit?
- A. 6
- B. 8
- C. 9
- D. 5
- E. 7
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