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Business, 11.06.2020 19:57 Ksouth13

A day trader buys an option on a stock that will return $150 profit if the stock goes up today and lose $650 if it goes down. Complete parts a and b below given that the trader thinks there is a 70 % chance that the stock will go up. a) What is her expected value of the option's profit?
b) What do you think of this option?

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