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The following price quotations are for exchange-listed options on Primo Corporation common stock. Company Primo 61.12 Strike 5 6 Expiration Feb Call 7.17 Put 0.49

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The following price quotations are for exchange-listed options on Primo Corporation common stock. Company Primo 61.12 Strike 5 6 Expiration Feb Call 7.17 Put 0.49 With transaction costs ignored, how much would a buyer have to pay for one call option contract. Assume each contract is for 100 shares. Amount for one call option

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