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  3. 28. a speculator sells a call option with a strik

28. A speculator sells a call option with a strike of $25 for $1.96....

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Finance

28.

A speculator sells a call option with a strike of $25 for $1.96. The stock is currently priced at $23.44 and moves to $29.53 on the expiration date. What is the speculator's (i.e., the call seller's) profit or loss per share? (Do not ignore the premium collected.)

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