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You go short (write) on an XOM call contract with a premium of $3. There is 6 months to maturity and the exercise price is

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You go short (write) on an XOM call contract with a premium of $3. There is 6 months to maturity and the exercise price is $108. If at expiration XOM stock sells for $105, your profit (loss) will be: No profit or loss ($0) $6 loss $3 loss $6 profit $3 profit

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