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  3. at expiry, a call option is always worth: a.

At expiry, a call option is always worth: A....

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Question

Finance

At expiry, a call option is always worth:

A.

At least the exercise price.
B.

The maximum of the exercise price minus the share price, and zero.
C.

The difference between the share price and the price paid for the option.
D.

None of the provided answer choices.

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