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You purchase one IBM July call contract with a strike price of $120 for a premium of $5 per share. You hold the option until
You purchase one IBM July call contract with a strike price of $120 for a premium of $5 per share. You hold the option until the expiration date when IBM stock sells for $123 per share. You will realize a ______ on the investment. Note that one option contract gives the right to buy or sell) 100 shares of underlying stock. $200 profit $300 loss $300 profit $200 loss
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