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You establish a covered call position on XYZ stock today by buying 100 shares of XYZ stock at $26 per share and writing a 3-month

You establish a covered call position on XYZ stock today by buying 100 shares of XYZ stock at $26 per share and writing a 3-month call option contract on the same stock. Each call option has a strike price of $23 and a premium of $3.25. At the end of 3 months, compute the profit from the position if XYZ's stock price is $20.

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