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QUESTION 5 S = 4 8 , x = 5 0 , C = $ 4 , P = $ 3 At expiration the call
QUESTION
$$
At expiration the call option
a Is in the money and should be exercised
b Is out of the money and should be left to expire
c Is at the money and should be exercised
d Has a payoff of negative $
e Both and are correct
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