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34. If you were to graph the payoff of a six-month call option to purchase pounds, the dollar cost of the option crossing the Y

34. If you were to graph the payoff of a six-month call option to purchase pounds, the dollar cost of the option crossing the Y axis would be equal to the:

a. The gross proceeds of the option plus the premium

b. The gross proceeds of the option minus the premium

c. The premium cost of the option

d. It wouldnt cross the Y axis.

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