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You buy 100 shares of IBM for $110/share and simultaneously sell a 120 call option (100 shares) for $1.25. If IBM is trading at $135,

You buy 100 shares of IBM for $110/share and simultaneously sell a 120 call option (100 shares) for $1.25. If IBM is trading at $135, your profits are ______.

need explanation

a.125

b.375

c.2500

d.1125correct answer

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