What is dollar profit

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You purchase 21 call option contracts with a strike price of $115 and a premium of $4.40. Assume the stock price at expiration is $122.46.

a. What is your dollar profit?

b. What is your dollar profit if the stock price is $108.41? If the stock price is $108.41, the call is worthless, so the dollar return is $________

Reference no: EM133117321

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