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You bought a call option with a strike of $60 for $4 when the stock price was $59. If at expiration the stock price is
You bought a call option with a strike of $60 for $4 when the stock price was $59. If at expiration the stock price is $52, your gain/loss at expiration is:
Group of answer choices:
gain of $5
loss of $1
gain of $4
loss of $4
Breakeven (no gain or loss)
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