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(1 pt) The buyer of a call option has the right, but not the obligation to buy an agreed quantity of a particular commodity or

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(1 pt) The buyer of a call option has the right, but not the obligation to buy an agreed quantity of a particular commodity or financial instrument (the underlying asset) from the seller of the option at a certain time (the expiration date) for a certain price (the strike price). Let K be the strike pnce. and letS=S(T)be the value of the asset at expiration. C(S, T) = What is the value of the call option at expiration ? help (formulas) Use mar(x, y for the maximum of r, y

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