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Find the total profit if your position is Long Call in options. The price per share at expiration is $53. All calls and puts are lots of 100 shares. Prices and premiums are per share. Position: Long Call Strike Price: $50 Premium paid: $2.50 Profit = ?

a) -$250

b) -$50

c) $0

d) $50

e) $200

f) $250

Financial Management, Finance

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