Multiple Choice
On the expiration date for a call option with strike price of $10.00,premium $1.50 and the current spot price of $9.00,the holder will:
A) have a total loss of $2.50
B) let the option contract lapse.
C) sell the shares at $9.00
D) close it out by buying a put option.
Correct Answer:

Verified
Correct Answer:
Verified
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