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You Purchased Three WXO 15 Call Option Contracts at a Quoted

Question 34

Multiple Choice

You purchased three WXO 15 call option contracts at a quoted price of $.44.What is your net gain or loss on this investment if the price of WXO is $15.70 on the option expiration date?


A) −$132
B) −$116
C) $78
D) $54
E) $109

Correct Answer:

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