What is the trader net profit

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Reference no: EM132623238

The price of a stock on July 1 is $62. A trader enters a long call option on this stock with a strike price of $63.3. The quoted option price is $0.3. One option contract covers 100 shares.

If the call option is exercised when the stock price is $68.9, what is the trader's net profit

Reference no: EM132623238

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