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You wrote five call option contracts on MNO stock with a strike price of $25 and an option price of $.70. What is your total

You wrote five call option contracts on MNO stock with a strike price of $25 and an option price of $.70. What is your total net profit or loss on all transactions related to this investment if the price of MNO is $24.70 on the option expiration date? Ignore taxes and transaction costs.

Multiple Choice

  • $500

  • $425

  • $350

  • $500

  • $350

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