Going back to the situation of problem 1, you were given calls with a strike price of

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Going back to the situation of problem 1, you were given calls with a strike price of $13 a share. You now sell calls with a strike price of $18 a share for $1 a share. Repeat the above, assuming that your option buyer will exercise his or her calls when the stock price exceeds $18 a share and that both sets of calls expire on the same date.

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