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You purchase 14 call option contracts with a strike price of $80 and a premium of $1.80. Assume the stock price at expiration is $92.00.
| You purchase 14 call option contracts with a strike price of $80 and a premium of $1.80. Assume the stock price at expiration is $92.00. |
| 1. | What is your dollar profit? |
| 2. | What if the stock price is $77.95? |
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