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The spot price is $1.35/pound. Then a pound call with a strike price of $1.40/pound is priced $0.06/pound (i.e., option premium). What is the profit

The spot price is $1.35/pound. Then a pound call with a strike price of $1.40/pound is priced $0.06/pound (i.e., option premium). What is the profit or loss for the buyer of this call option? Group of answer choices $+0.06$/pound none of the above $0 $-0.06$/pound

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