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You wrote 4 call option contracts on XYZ stock with a strike price of $ 4 0 and an option premium of $ 1 .

You wrote

4

call option contracts on XYZ stock with a strike price of $

40

and an option premium of $

1.05 .

What is your net gain or loss on this investment if the price of XYZ is $

43.27

on the option expiration date?

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