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You write a European vanilla call option today with a strike price of 100 pence and sell the option for 10 pence. The holder chooses

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You write a European vanilla call option today with a strike price of 100 pence and sell the option for 10 pence. The holder chooses to exercise the option on the expiry date. On this date, the underlying is worth 120 pence. Calculate, showing all steps, your overall profit/loss on this transaction

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