Bullish on particular security

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You are bullish on a particular security and have $500 to invest. The stock is trading for $100. Call options with a strike price of $100 are trading for $1.00. You decide to invest your entire $500 by purchasing call options. After 1 month the stock price goes up to $115 and you liquidate liquidate your position, what was your profit?

Reference no: EM13939824

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