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An April 2024 call option on IBM stock with an exercise price of $150 entitles its owner to purchase IBM stock for a price of

An April 2024 call option on IBM stock with an exercise price of $150 entitles its owner to purchase IBM stock for a price of $150 at any time up to and including the third Friday in April. What will be the payoff at the expiration date if IBM shares trade at $143? What if a share was trading at $158? Note: today the option price is $3

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