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In the option market, you go long (buy) on a call contract for XOM with a premium of $5. The exercise price is $95. If

In the option market, you go long (buy) on a call contract for XOM with a premium of $5. The exercise price is $95. If you wait until expiration date and the XOM stock is selling for $80 what will be your profit (loss)?

a. $15 profit

b. $5 profit

c. $5 loss

d. $20 loss

e. $15 loss

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