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Question 9 (3.7 points) The spot price of the market index is $960. After 2 months the market index is priced at $1000. The annual

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Question 9 (3.7 points) The spot price of the market index is $960. After 2 months the market index is priced at $1000. The annual rate of interest on treasuries is 3.6% (0.3% per month). The premium on the long call, with an exercise price of $980, is $25.00. Calculate the profit or loss to the short call position if the final index price is $1000. +$25.15 +$5.15 O-$5.15 -$25.15

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