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You purchase 24 call option contracts with a strike price of $130 and a premium of $6.10. Assume the stock price at expiration is $139.12.
You purchase 24 call option contracts with a strike price of $130 and a premium of $6.10. Assume the stock price at expiration is $139.12. a. What is your dollar profit? (Do not round intermediate calculations.) Dollar profit b. What is your dollar profit if the stock price is $125.07? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.) If the stock price is $125.07, the call is worthless, so the dollar profit is
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