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19. If the formula for a short call is given by V = P - max(S - X,0), find the value of the short call

19.

If the formula for a short call is given by V = P - max(S - X,0), find the value of the short call if the spot price of the underlying share is $14.00, its strike price is $12.00 and its premium is $1.50.

Select one:

a. -$1.50

b. $0.00

c. -$0.50

d. $1.50

e. $0.50

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