Question: Question 11: When a call option is exercised, the: A) holder of the option pays the option premium and receives the underlying asset. B) writer

Question 11:

When a call option is exercised, the:

A) holder of the option pays the option premium and receives the underlying asset.

B) writer of the option receives the strike price.

C) writer of the option sells the underlying stock and receives the strike price.

D) writer of the option receives the option premium.

E) holder of the option sells the underlying stock and receives the strike price.

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