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You purchased eight LJK call option contracts with a strike price of $42.50 when the option was quoted at $.65. The option expires today when

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You purchased eight LJK call option contracts with a strike price of $42.50 when the option was quoted at $.65. The option expires today when the value of LK stock is $43.16. Ignoring trading costs and taxes, what is the total profit or loss on your investment? A) $12.50 B) $14.00 C) $.33 D) $2.40 E) $8.00

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