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You have taken a long position in a call option on IBM common stock. The option has an exercise price of $ 1 7 6
You have taken a long position in a call option on IBM common stock. The option has an exercise price of $ and IBMs stock currently trades at $ The option premium is $ per contract. What is your net profit on the option if IBMs stock price increases to $ at expiration of the option and you exercise the option? What is your net profit on the option if IBMs stock price decreases to $
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