Suppose that you purchased a call option on the S&P 100 Index. The option has an exercise price of 1,700, and the index is now at 1,760. What will happen when you exercise the option?

A) You will receive $1,760

B) You will receive $6,000

C) You will have to pay $7,000

D) You will have to pay $6,000

E) You will receive $1,700