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Topic: option Suppose you purchase one Texas insurance August 75 call contract quoted at $8.50 and write one August 80 call contract quoted at $6.

Topic: option

Suppose you purchase one Texas insurance August 75 call contract quoted at $8.50 and write one August 80 call contract quoted at $6. If at expiration the price of a share of Texas instrument stock is $79, your profit would be _____.

A. $150 B. $400 C. $600 D. $1,850

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