The option gives her the right to buy the stock for 27 per, Finance Basics

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The option gives her the right to buy the stock for 27 per

Return on Stock Options. Maryanne paid $300 for a call option on a stock. The option gives her the right to buy the stock for $27 per share until March 1st. On February 15th, the stock price rises to $32 per share, and Maryanne exercises her option. What is Maryanne's return from this transaction?

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