You have purchased 100 call options 1 contract on shares of, Financial Management

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You have purchased 100 call options 1 contract on shares of

You have purchased 100 call options (1 contract) on shares of Freeport McMoran with a strike price of $70 and a maturity of today. The stock is trading at expiration at a price of $54.71. How much are your call options worth today? (please express your answer as a dollar value excluding the dollar sign)

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Financial Management: You have purchased 100 call options 1 contract on shares of

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