You sold two call option contracts each on 100 shares with, Financial Management

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You sold two call option contracts each on 100 shares with

You sold two call option contracts (each on 100 shares) with a strike price of $30 when the option was quoted at $.70. The option expires today when the value of the underlying stock is $28.80. Ignoring trading costs and taxes, what is the net profit or loss on this investment?

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Financial Management: You sold two call option contracts each on 100 shares with

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Financial Management: You sold two call option contracts each on 100 shares with

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