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The profit or loss on a long call at expiry is equal to: a. (maximum of (XS) or zero) + option premium b. (maximum of

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The profit or loss on a long call at expiry is equal to: a. (maximum of (XS) or zero) + option premium b. (maximum of (XS) or zero) - option premium c. (maximum of (SX) or zero) - option premium d. (maximum of (SX) or zero) + option premium. e. Cannot be negative

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