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You bought five call option contracts with a strike price of $47.50 and an option premium of $1.20. At expiration, the stock was selling for

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You bought five call option contracts with a strike price of $47.50 and an option premium of $1.20. At expiration, the stock was selling for $51.30 a share and you exercised your option. What is your total cost basis in the acquired shares? $25,050 $23,150 $23,750 $24,350 $26,250 00000

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