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A call option on an IBM stock has a strike price of $125. The holder of this option exercises the option today when the price

A call option on an IBM stock has a strike price of $125. The holder of this option exercises the option today when the price of IBM stock is $130. This means that the holder of the call option_____ buys an IBM share today at the price of $130 buys an IBM share today at the price of $125 sells an IBM share at the price of $125 sells the option contract today for a price of $130.

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