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You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40.
You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40.
1. What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.) Dollar profit $
2. What if the stock price is $143.35? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.)
If the stock price is $143.35, the call is________in-the-moneyworthless, so the dollar return is $_______
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