Question: A long call option cannot be closed out by the following transaction: (a) Exercise of the option (b) Offsetting transaction (c) Expiration out-of-the-money (d) A

 A long call option cannot be closed out by the following

A long call option cannot be closed out by the following transaction: (a) Exercise of the option (b) Offsetting transaction (c) Expiration out-of-the-money (d) A long put

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