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20. You bought 100 3-month European call options on IBM stock with a strike price of $70. The current price is $68 with two months
20. You bought 100 3-month European call options on IBM stock with a strike price of $70. The current price is $68 with two months yet to go. The option price you paid was $2. Which of the following is true:
a. you would clearly choose to exercise your option;
b. you would probably choose not to exercise your option yet;
c. you would probably sell the options for $7;
d. you would clearly sell the shares for $68
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