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6. At t you buy a (naked) IBM call option for $C at a strike price of $X. Later you exercise it at T and

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6. At t you buy a (naked) IBM call option for $C at a strike price of $X. Later you exercise it at T and place the IBM stock into your portfolio. Your cash flow at T is a. An outflow of $C b. An outflow of $X c. An inflow of $X d. An outflow of $(XC) e. An inflow of $(xC)

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