migue1880 migue1880
  • 28-02-2024
  • Business
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The price of a stock is $48. A trader buys 1 call option contract on the stock with a strike price of $50 when the option price is $5. When does the trader make a profit?

a) When the market price of the stock is $55
b) When the market price of the stock is $60
c) When the market price of the stock is $45
d) When the market price of the stock is $40

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