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XY corporations stock is currently trading at $250 per share. You sell 5 calls at a premium of $4.00 with a strike of $250. Determine

XY corporations stock is currently trading at $250 per share. You sell 5 calls at a premium of $4.00 with a strike of $250. Determine your gain or loss if the stock price

  1. increases to $254 at expiration
  2. increases to $275 at expiration
  3. decreases to $240 at expiration

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