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The May 17, 2012, price quotation for a Boeing call option with a strike price of $88 due to expire in November is $30.30, while

The May 17, 2012, price quotation for a Boeing call option with a strike price of $88 due to expire in November is $30.30, while the stock price of Boeing is $79.30. The premium on one Boeing November 50 call contract is _________.

$8,700

$2,930

$3,030

$8,800

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