Question: You purchase 2 7 call option contracts with a strike price of $ 1 4 5 and a premium of $ 3 . 6 5
You purchase call option contracts with a strike price of $ and a premium of $ Assume the stock price at expira $
a What is your dollar profit?
Note: Do not round intermediate calculations.
Dollar profit
b What is your dollar profit if the stock price is $
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations.
If the stock price is $ the call is
so the dollar profit is
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