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6. The value of a call option at expiration can never exceed: a) Its exercise price. b) The price of the underlying stock. c) The

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6. The value of a call option at expiration can never exceed: a) Its exercise price. b) The price of the underlying stock. c) The price of the underlying stock minus the call's exercise price. d) The price of the underlying stock minus the present value of the call's exercise price. e) None of the above is correct

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