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Posted on Jul 27, 2024

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.

a. What is your dollar profit?

Dollar profit: $______

b. What if the stock price is $108.41?

If the stock price is $108.41, the call is worthless, so the dollar return is $________

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