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Using the following information, calculate the overall payoff on the option given the stock price at maturity. Exercise price: 50.00 Premium: 7.00 Call / put:

Using the following information, calculate the overall payoff on the option given the stock price at maturity.

Exercise price: 50.00

Premium: 7.00

Call / put: Call

Long / short: Short

Stock price at maturity 40.00

Select one:

A) (7.00)

B) 7.00

C) 3.00

D) (3.00)

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