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You purchase 17 call option contracts with a strike price of $95 and a premium of $3.75. Assume the stock price at expiration is $102.46.

You purchase 17 call option contracts with a strike price of $95 and a premium of $3.75. Assume the stock price at expiration is $102.46.

1.

What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.)

Dollar profit $

2.

What if the stock price is $88.41? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.)

If the stock price is $88.41, the call is in-the-moneyworthless, so the dollar return is $ .

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