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A call option has an exercise price of $50. What is the value of the call option at expiration if the stock price is $35?

A call option has an exercise price of $50.

What is the value of the call option at expiration if the stock price is $35? $75?

A put option has an exercise price of $30.

What is the value of the put option at expiration if the stock price is $25? $40?

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