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The May 17, 2012, price quotation for a Boeing call option with a strike price of $50 due to expire in November is $20.80, while

The May 17, 2012, price quotation for a Boeing call option with a strike price of $50 due to expire in November is $20.80, while the stock price of Boeing is $69.80. The premium on one Boeing November 50 call contract is _________.

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