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You manage a $10 million endowment fund and would like to write index calls to generate some income. Suppose the OCT 320 OEX call sells

You manage a $10 million endowment fund and would like to write index calls to generate some income. Suppose the OCT 320 OEX call sells for $1.13, and the current level of the index is 315.66. How much income can you generate in a cash account?

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