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you have purchased 10bcall option contracts on CBA stock with an exercise price of $58.50 when the option was quoted at $2.50. the option expires

you have purchased 10bcall option contracts on CBA stock with an exercise price of $58.50 when the option was quoted at $2.50. the option expires today when the value of CBA stock is at $62.60. what is the net profit or loss on this investment, ignoring all teasing costs and taxes?

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