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Calculate the value of a long call if the exercise price is $10.00, the premium is $1.50 and the spot price is $8.00, given V

  1. Calculate the value of a long call if the exercise price is $10.00, the premium is $1.50 and the spot price is $8.00, given V = max(S-X, 0) P
  2. -$3.00
  3. -$1.50
  4. $0.00
  5. $0.50

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