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What is a call option? If you purchase 25 3 month call options on Tua Inc at $1.50/option with an exercise price of $56.00, what

What is a call option? If you purchase 25 3 month call options on Tua Inc at $1.50/option with an exercise price of $56.00, what would you do and what is your net gain or loss if the stock is trading at $62.00 per share at expiration?

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