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The following price quotations are for exchange-listed options on Primo Corporation common stock. Company Strike Expiration Call Put Primo 61.12 54 February 7.16 0.47 With

The following price quotations are for exchange-listed options on Primo Corporation common stock.

Company Strike Expiration Call Put
Primo 61.12 54 February 7.16 0.47

With transaction costs ignored, how much would a buyer have to pay for one call option contract? Assume each contract is for 100 shares.

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