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A call option gives its owners the right, but not the obligation, to: Buy a specified number of shares at a certain price within a

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A call option gives its owners the right, but not the obligation, to: Buy a specified number of shares at a certain price within a specified period of time Buy a commodity at a specified price and future date, at which time physical delivery occurs Sell a specified number of shares at a certain price within a specified period of time Sell a commodity at a specified price and future date, but physical delivery does not occur A call option on a single share of Stay Put Corp.'s common stock has a market price of $7.98 and expires in six months. The option has an exercise, or strike, price of $79.00, and the current stock price is $84.56. Select the correct exercise value and option premium for this call option in the following table Suppose the stock's price fell to $72.81 and the option's market price fell to $2.04. Indicate the option's new exercise value and the new option premium in the following table

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