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45. Jim has purchased a European call option contract on 50 shares with a strike price of $10.00 at a cost of $1 per share.

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45. Jim has purchased a European call option contract on 50 shares with a strike price of $10.00 at a cost of $1 per share. At expiration, the stock price is $13.00. What is the value of the contract at expiration?: Oa. $0 Ob. $100 Oc. $150 Od. $200

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