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You would like to speculate on a rise in the price of a certain stock. The current stock price is $29 and a three-month call

You would like to speculate on a rise in the price of a certain stock. The current stock price is $29 and a three-month call with a strike price of $30 costs $2.90. You have $5,800 to invest. Identify two alternative strategies. Briefly outline the advantages and disadvantages of each.

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