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Suppose you buy a June expiration call option on 30 shares of Apple stock with the exercise price of $240. If the stock price is

Suppose you buy a June expiration call option on 30 shares of Apple stock with the exercise price of $240. If the stock price is $256 in June (just before expiration) would you exercise this option?

A.

Yes

B.

No

C.

Impossible to determine

D.

You would have to wait until after the expiration date

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