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You own a call option that is going to expire soon. The current stock price is $35 and the strike price of your option is

You own a call option that is going to expire soon. The current stock price is $35 and the strike price of your option is $40. Which of the following statements is true?

a) Your option is out of the money.

b) You should exercise the call option to make a profit.

c) You have the obligation to buy the stock for $35.

d) All of the statements are false.

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