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You buy 10 ZXC Jan 50 calls for $0.75 each. What is your profit or loss if: a) The price of the stock rises to

You buy 10 ZXC Jan 50 calls for $0.75 each. What is your profit or loss if:

a) The price of the stock rises to $54 in January, when the options expire?

b) The price of the stock falls to $45 in January, when the options expire?

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