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You buy 100 shares of Ford for $45/share and simultaneously sell a 50 call option (100 shares) for $1.70. If Ford is trading at $44,

You buy 100 shares of Ford for $45/share and simultaneously sell a 50 call option (100 shares) for $1.70. If Ford is trading at $44, your profits are _____.

need explanation

a. 70Correct answer

b.-100

c.100

d. 170

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