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You bought a call option with the strike price of $72.50 and you pay the premium of $3.50. What is the return of the strategy
You bought a call option with the strike price of $72.50 and you pay the premium of $3.50. What is the return of the strategy if the underlying asset is treating for $96.95 on the day of expiration of the contract? When answering this please do not use excel, work it out by hand. The correct answer should be 598.57.
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