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You purchase one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration date, when

You purchase one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration date, when MBI stock sells for $151 per share. You will realize a ______ on the investment.

Multiple Choice

$500 profit

$500 loss

$1,200 profit

$1,200 loss

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