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You have a long position in a call option on M common stock. The option has an exercise price of $149. M's stock currently trades
You have a long position in a call option on M common stock. The option has an exercise price of $149. M's stock currently trades at $152. The option premium is $4 per share. Your net payoff on the option is ______ per share if Ms stock price increases to $162 at expiration of the option and you exercise the option.
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