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On Jan. 2, 2018, Jones Co. purchases a call option for $300 on Merchant c/s. It gives Jones the option to buy 1,000 shares of

On Jan. 2, 2018, Jones Co. purchases a call option for $300 on Merchant c/s. It gives Jones the option to buy 1,000 shares of Merchant at a strike price of $50 per share. The market price of a Mer...

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