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You bought 3 call option contracts on Alices Restaurant stock when it is trading at $54.25. The call had an exercise price of $60 and

You bought 3 call option contracts on Alices Restaurant stock when it is trading at $54.25. The call had an exercise price of $60 and cost $2.50. What is your profit or loss on this trade if the stock is trading at $62.75 when the options expire?

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