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You purchase one Apple Tree Inc July 110 call contract for a premium of $4.67. You hold the option until the expiration date when Apple

You purchase one Apple Tree Inc July 110 call contract for a premium of $4.67. You hold the option until the expiration date when Apple Tree stock sells for $122.16 per share. Calculate gain/loss that you will realize on this investment. Remember that the size of the option contract is 100.

Loss should be entered with minus sign.

Round the answer to two decimal places.

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