Question: 28 Marta purchased one $10 CC Call @ $4.00. When SC waS $12.00, she exercised the option and subsequently sold (SC when it was trading

28 Marta purchased one $10 CC Call @ $4.00. When SC waS $12.00, she exercised the option and subsequently sold (SC when it was trading at $16. What was her total profit?

a. $200

b. $400

O c. $1,000

d. $1,600

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