What action would the holder of a maturing call option take if an option which cost $$3\mathrm{.}50,$ had a strike price of $$50,$ and the market value of the stock was $$55?$

require that $$200$ be returned.

exercise the option with a net profit of $$2\mathrm{.}50$

exercise the option with a net profit of $$50\mathrm{.}00$

$$ let the option expire unexercises