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The spot price for Google stock is $678 on June 6. A trader considers two alternatives: buy 100 shares of the stock, or buy 100

The spot price for Google stock is $678 on June 6. A trader considers two alternatives: buy 100 shares of the stock, or buy 100 European call options on Google for $48 each with a strike price of $675 and maturity date of September 2012. For each alternative, what is: a) the upfront cost? b) the total gain if the stock price at maturity is $750?

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