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Business, 17.08.2021 16:40 yclark98563p5z2gt

A three-month call option is the right to buy stock at $20. Currently, the stock is sell-ing for $22 and the call is selling for $5. You are considering buying 100 shares of the stock ($2,200) or one call option ($500). a) If the price of the stock rises to $29 within three months, what would be the profits or losses on each position

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