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Problem:
You wrote ten Call Option contracts on JIG stock with a strike price of $40 and an option price of $.40.
What is your net gain or loss on this investment if the price of JIG is $46.05 on the option expiration date? A. -$6,450B. -$5,650C. $400D. $5,650E. $6,450F. None of the above
Summary of question:
This question basically belongs to Finance as well as it explains about calculation of profit or loss on a call option investment.
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