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You purchased six TJH call option contracts (100shares per contract) with a strike price of $40 when the option was quoted at $1.30. The option

You purchased six TJH call option contracts (100shares per contract) 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. $320 c. $360 d. $420 e. $540

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