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The price of a stock on July 1 is $90. A trader enters a long call option on thi...
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The price of a stock on July 1 is $90. A trader enters a long call option on this stock with a strike price of $95.
The quoted option price is $4. One option contract covers 100 shares.
If the call option is exercised when the stock price is $108, what is the trader’s net profit is:
0%
0%
100%
0%