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You bought nine call option contracts with a strike price of $25.00 and a premium of $.50 . At expiration, the stock was selling for
You bought nine call option contracts with a strike price of
$25.00
and a premium of
$.50
. At expiration, the stock was selling for
$23.75
a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?\
-$9.24
\
-$10.20
\
$0
\
-$270
\
-$450
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