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You are discussing options with a friend. Your friend tells you that they have a call option with a strike price of ( $ 50

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You are discussing options with a friend. Your friend tells you that they have a call option with a strike price of \\( \\$ 50 \\) that they paid a \\( \\$ 3 \\) premium for. The stock price at expiration is \\( \\$ 51.34 \\). TRUE or FALSE: Your friend should NOT exercise the option as they will lose money overall on the position. True False

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