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Assume you purchase one share of a stock and sell a call option on a single share of that same stock with an exercise price
Assume you purchase one share of a stock and sell a call option on a single share of that same stock with an exercise price of $32. What is the maximum payoff you can realize on this combination? Multiple Choice An amount equal to $32 minus the stock price on the option expiration date An amount equal to the stock price on the expiration date plus $32 Zero The exercise price of $32 An amount equal to the stock price on the option expiration date
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