You purchased four call option contracts with a strike, Financial Management

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You purchased four call option contracts with a strike

You purchased four call option contracts with a strike price of $40 and an option premium of $1.25. You closed your contract on the expiration date when the stock was selling for $42.50 a share. What is your total profit or loss on your option position?

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Financial Management: You purchased four call option contracts with a strike

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Financial Management: You purchased four call option contracts with a strike

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