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16.The April 9, 2015, price quotation for a call option on LTD stock with a strike price of $62 and due to expire in December

16.The April 9, 2015, price quotation for a call option on LTD stock with a strike price of $62 and due to expire in December is $23.80, while the LTD stock price is $72.80. The premium on one LTD December 62 call contract is _________.

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