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Complete the following by circling the best terms from the brackets. You have purchased a long- term American Call Option on DCX stock. Shares currently
Complete the following by circling the best terms from the brackets. You have purchased a long- term American Call Option on DCX stock. Shares currently trade at $45, the option premium is equal to $15, and the strike price is $40. This option can be exercised [ anytime/ only at maturity] and gives you the right to [ buy / sell ] DCX shares at [$15 / $30 / $40] price.
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