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You have sold a call option with an option premium of $4. The strike price of the call is $40. If at expiration the market

You have sold a call option with an option premium of $4. The strike price of the call is $40. If at expiration the market price of the stock is $34, the net gain or loss on the call is ____________________. If instead the price of the stock is $52 at expiration, the net gain or loss on the call is ___________________.

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