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You purchase one MBI July 124 call contract (equaling 100 shares) for a premium of $11. You hold the option until the expiration date, when

You purchase one MBI July 124 call contract (equaling 100 shares) for a premium of $11. You hold the option until the expiration date, when MBI stock sells for $131 per share. You will realize a ______ on the investment.

Multiple Choice

  • $400 profit

  • $400 loss

  • $700 profit

  • $700 loss

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