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You decided to buy a call option of XY Ltd. at a premium of GHC0.12. The strike price of the call Option is GHC0.48. If

You decided to buy a call option of XY Ltd. at a premium of GHC0.12. The strike price of the call Option is GHC0.48. If XY Ltd. should increase in price to GHC0.70 per share by expiry, determine the value of the call option.

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