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The price of a stock on July 1 is $50. A trader buys 100 call options on the stock with a strike price of $63

The price of a stock on July 1 is $50. A trader buys 100 call options on the stock with a strike price of $63 when the option price is $2. The options are exercised when the stock price is $60. The traders net profit or loss is:

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