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What is the option buyers total profit or loss per share if a call option is purchased for a $5 premium, has a $50 exercise

  1. What is the option buyers total profit or loss per share if a call option is purchased for a $5 premium, has a $50 exercise price, and the stock is valued at $53 at expiration?
    1. -5
    2. -2
    3. 3
    4. 8

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