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You purchase 21 call option contracts with a strike price of $115 and a premium of $4.40. Assume the stock price at expiration is $122.46.

You purchase 21 call option contracts with a strike price of $115 and a premium of $4.40. Assume the stock price at expiration is $122.46.

1. What is your dollar profit?(Omit the "$" sign in your response.)
Dollar profit $
2.

What if the stock price is $108.41?(Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

If the stock price is $108.41, the call is

(Click to select)worthlessin-the-money

, so the dollar return is $.

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