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Aaron purchased a call on 35,000 bushels of corn with a strike price of $2.10. On the expiration date, the corn was selling at $1.98
Aaron purchased a call on 35,000 bushels of corn with a strike price of $2.10. On the expiration date, the corn was selling at $1.98 per bushel. What is Aaron's payoff on the call contract?
a. -$4,200
b. -$2,100
c. $0
d. $2,100
e. $4,200
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