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Suppose you believe that Basso Inc.'s stock price is going to increase from its current...

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Finance

Suppose you believe that Basso Inc.'s stock price is going to increase from its current level of $52.50 sometime during the next 5 months. For $5.10 you can buy a 5-month call option giving you the right to buy 1 share at a price of $70 per share. If you buy this option for $5.10 and Basso's stock price actually rises to $62, what are your net profit and net price?

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