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You go long 5 call option contracts for IBM with a strike pricde of $120.00. The option premium is $3.00 per share. The market price
You go long 5 call option contracts for IBM with a strike pricde of $120.00. The option premium is $3.00 per share. The market price for IBM stock on the day you enter the contracts is $121.25. On the options' expiration date, IBM is selling for $121.75. How much will you make in total if you exercise the options on the expiration date?
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