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You purchased a call option on IBM stock 3 months ago for a price (premium) of $1. The option has a 6-month expiration and a

  1. You purchased a call option on IBM stock 3 months ago for a price (premium) of $1. The option has a 6-month expiration and a strike price of $146. You decided to exercise the option today when IBM stock is trading at $147. This means that _________________

    You sold an IBM stock today for $1.

    You bought an IBM stock today for $146.

    You bought an IBM stock today for $147.

    You sold an IBM stock today for $146.

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