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What is dollar gain or loss

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Reference no: EM132729830

Problem 1: Leisure corporation stock is selling for $32.375 per share. You are going to buy a call option with a $30 exercise price for a $5 premium. Prior to maturity, the stock price rises to $38.875. What is your dollar gain or loss?

A) $387.50
B) $287.50
C) $537.50
D) $127.50
E) $150

Reference no: EM132729830

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