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You bought one of the $100 Apple call option contracts with a premium of $4.57. You kept your position until the expiration date, when Apple
You bought one of the $100 Apple call option contracts with a premium of $4.57. You kept your position until the expiration date, when Apple stock sells for $111, at that point you have a profit of $_____________ from this transaction. Recall that each contract includes 100 shares. Enter a negative number for losses. Enter your answer in the box below. Round your answer to two decimals.
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