You purchase 10 call option contracts with a strike price


You purchase 10 call option contracts with a strike price of $74 and a premium of $3.65. If the stock price at expiration is $85, what is your dollar profit?

(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Finance Basics: You purchase 10 call option contracts with a strike price
Reference No:- TGS02646531

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