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The price of a stock on July 1 is $53. A trader buys 100 call options on the stock with a strike price of $58

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The price of a stock on July 1 is $53. A trader buys 100 call options on the stock with a strike price of $58 when the option price is $1. The options are exercised when the stock price is $70. The trader's net profit or loss is

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