What is the profit or loss on the transaction

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Problem

An investor bought four LID March 40 call options for a premium of $4 when LID stock traded at $38 per share. The investor subsequently sold his four calls for $4.60 when LID traded at $40 per share. Get the instant assignment help. What is the profit or loss on the transaction, ignoring any other costs or considerations?

Reference no: EM133925918

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