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Suppose you hold one IBM call option with exercise price of $100. Option premium is $10. What is your payoff at expiration if IBM trades

Suppose you hold one IBM call option with exercise price of $100. Option premium is $10. What is your payoff at expiration if IBM trades at $93 on the expiration date? Assume that one option contract pertains to one share of stock.

a)	-$5 (loss of $5)

c)	-$2 (loss of $2)

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