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You write a 5 0 call with a premium of S 9 and buy a 6 0 call with a premium of S 3 .

You write a 50 call with a premium of S9 and buy a 60 call with a premium of S3. The options are on the same stock and have the same expiration date. What is your net profit/loss per contract (equaling 100 shares) for your portfolio when the stock sells for $40 per share?$400 loss$600 profit$1,600 loss$2,400 profit$1.000 loss

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