Question: Suppose you purchase one Texas Instruments August 70 call contract quoted at $7.50 and write one Texas Instruments August 75 call contract quoted at $6.

Suppose you purchase one Texas Instruments August 70 call contract quoted at $7.50 and write one Texas Instruments August 75 call contract quoted at $6. If, at expiration, the price of a share of Texas Instruments stock is $78, what would be your dollar profit?

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