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15. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call
15. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call option on 1 share with a strike price (X) of $55. The option premium (cost/Proceeds) was $1.50. Do you have the right to exercise the option if the stock's price rises to $56 on expiration date? * (5 Points) Yes No
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