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You purchased five CVB call option contracts with a strike price of $38 when the option was quoted at $3.20. The option expires today when

You purchased five CVB call option contracts with a strike price of $38 when the option was quoted at $3.20. The option expires today when the value of CVB stock is $45. Ignoring trading costs and taxes, a. what is your total profit on your investment? (8 points) b. what is the intrinsic value of your option contract? (6 points) 11 Tunin ATLENLE1 (Mac)

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