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QUESTION
You buy an "at the money" April call option on MM Corp. common stock, which has a strike price of $40 and a premium of $3. What must happen to the...
You buy an "at the money" April call option on M&M Corp. common stock, which has a strike price of $40 and a premium of $3.15. What must happen to the price of M&M Corp. stock for you to make a profit?
