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Suppose you purchased 10 call options on a stock with a strike price of $55.00. On the expiration date, the stock was priced at $54.58

Suppose you purchased 10 call options on a stock with a strike price of $55.00. On the expiration date, the stock was priced at $54.58 a share. What is the total payoff on your purchase of the option contracts? Please show work if possible

A. $42 B. $5,500 C. $530 D. $0

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