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You purchased five TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when

You purchased five TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and taxes, what is your total profit or loss on your investment?

A.

$60

B.

$300

C.

$360

D.

$420

E.

$540

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