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You buy a call option on a stock for a premium of $0.50. The exercise price is $31.50. What is the options profit or loss

You buy a call option on a stock for a premium of $0.50. The exercise price is $31.50. What is the options profit or loss if just prior to expiration the stock price is $30.50?

a.

($1.00)

b.

$0.50

c.

$1.00

d.

($0.50)

e.

$0

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