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The price of a stock is $46 and the prices of call options to buy the stock at $45 and $50 are $6 and $3, respectively. What are the potential profits and losses when the price of the stock is $40, $45, $50, and $55 if the investor buys the call at $45 and sells the call at $50?
Discount
A reduction from the usual cost of something, often expressed as a percentage off the regular price.
Ski Boots
Footwear specifically designed for skiing, providing support and transferring movements to the ski.
Rate of Markdown
The percentage decrease from the original price of an item to its reduced price.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding the cost of goods sold.
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