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44. You own two call option contracts on ABC stock with a strike price of $15. When you purchased the contracts the option price was

44.

You own two call option contracts on ABC stock with a strike price of $15. When you purchased the contracts the option price was $1.20 and the stock price was $15.90. What is the total intrinsic value of these options if ABC stock is currently selling for $14.50 a share?

A.

-$280

B.

-$180

C.

-$100

D.

$0

E.

$100

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