Question: You purchased 5 ABC 30 call option contracts at a quoted price of $1.45. What is your net profit on this investment if the price

You purchased 5 ABC 30 call option contracts at a quoted price of $1.45. What is your net profit on this investment if the price of ABC is $25.57 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations).

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