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You purchased 6 call options with a $40 strike price at a total cost of $150. On the expiration date, the underlying stock was priced

You purchased 6 call options with a $40 strike price at a total cost of $150. On the expiration date, the underlying stock was priced at $39.20. What is the percentage return on your investment?

a.

-420 percent

b.

-100 percent

c.

68.75 percent

d.

2.02 percent

e.

220 percent

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