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JD Rudd buys a call option with an exercise price of $ 9 0 while the stock is trading at $ 8 4 . Rudd

JD Rudd buys a call option with an exercise price of $

90

while the stock is trading at $

84 .

Rudd pays $

1

for the option. If the stock price at expiration is $

94,

Rudd will:

Multiple choice question.

exercise the option

allow the option to expire

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