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1 6 . If at expiration, the underlying stock price is $ 5 0 per share, what is the total intrinsic value per share of

16. If at expiration, the underlying stock price is $50 per share, what is the total intrinsic value per share of long a call with an exercise price of $30 and
short a call with an exercise price of $40?
A)-$10
B) $0
C) $10
D) $20
E) $50

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