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John Smith purchases a Call Option on XYC for $3.00. The option's strike price (X) is $55. Assuming XYZ's current stock price (S) is $65,

John Smith purchases a Call Option on XYC for $3.00. The option's strike price (X) is $55. Assuming XYZ's current stock price (S) is $65, how much would John Smith earn if he exercises the option today?

A. $0.00

B. -$10.00

C. $7.00

D. $10.00

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