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Two months ago, Mrs. Goodey bought a call on the stock of BAC with a strike price of K= $85. Today, the option expires and
Two months ago, Mrs. Goodey bought a call on the stock of BAC with a strike price of K= $85. Today, the option expires and the price of BAC is $92. What is the payoff of the option for Mrs. Goodey?
A) $ 7
B) $ 9
C) $ 0
D) $ 6
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