Multiple Choice
Suppose that you purchased a call option on the S&P 100 Index.The option has an exercise price of 1,700, and the index is now at 1,760.What will happen when you exercise the option?
A) You will have to pay $6,000.
B) You will receive $6,000.
C) You will receive $1,700.
D) You will receive $1,760.
Correct Answer:
Verified
Correct Answer:
Verified
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