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Suppose you bought a Call option for $3.00 on company ABCD stock with an exercize price of $60. At the time of expiration, ABCD stock

Suppose you bought a Call option for $3.00 on company ABCD stock with an exercize price of $60. At the time of expiration, ABCD stock is trading for $65.

How much is the Call Option Payoff at the time of expiration? Enter your answer in the following format: 1.23 Hint: Answer is between 1.82 and 2.2

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