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You purchased three (3) CVB call option contracts with a strike price of $50 when the option was quoted at $5. The option expires today

You purchased three (3) CVB call option contracts with a strike price of $50 when the option was quoted at $5. The option expires today when the value of CVB stock is $43. Ignoring trading costs and taxes, what is your total profit on your investment? (Note: one contract has 100 options.)

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