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You write a call option on a stock for a premium of $5. The exercise price is $1. What is the option's profit or loss
You write a call option on a stock for a premium of $5. The exercise price is $1. What is the option's profit or loss if just prior to expiration the stock price is $12? a. $0 b. ($6) c. $6 d. $11 e. $5
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