Question: Please help and show work and explain so I can understand how to do the problem. 1. Assume your cousin purchased five WXO 23 call

Please help and show work and explain so I can understand how to do the problem.

1.Assume your cousin purchased five WXO 23 call option contracts at a quoted price of $.34. What is her net gain or loss on this investment if the price of WXO is $28 on the option expiration date?

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