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You Wrote Ten Call Option Contracts on JIG Stock with a Strike

Question 18

Multiple Choice

You wrote ten call option contracts on JIG stock with a strike price of $41 and an option price of $.60.What is your total profit on this investment if the price of JIG is $46.05 on the option expiration date?


A) −$5,050
B) −$4,450
C) $4,100
D) $4,450
E) $5,050

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