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As a buyer of a call option, when would you decide to exercise your option (at maturity)? Choose one answer. When the price of the

As a buyer of a call option, when would you decide to exercise your option (at maturity)? Choose one answer.

1. When the price of the underlying asset is above the strike price.
2. When the price of the underlying asset is below the strike price.
3. When the price of the underlying asset is zero.
4. None of the above.

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