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You Bought Twelve Call Option Contracts with a Strike Price

question 85

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You bought twelve call option contracts with a strike price of $27.50 and a premium of $0.77. At expiration, the stock was selling for $26.90 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?


Definitions:

Transfusion

The process of transferring blood or blood products from one person into the circulatory system of another.

Patent Vein

Describes a vein that is open and unobstructed, allowing for the free flow of blood.

Y Tubing

A type of medical tubing that splits into two branches, often used in transfusion and infusion therapies.

Blood Transfusion

The process of transferring blood or blood-based products from one person into the circulatory system of another.

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