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Question $9$

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Marked out of $0\mathrm{.}25$

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A European$-$style call option on a stock has a strike price of $$36.$ You enter a long call option position. At expiry, the underlying stock price is $$30.$ What is your gross payoff on this long call?

Question $9$Select one:

$-$$$6$

$+$$$6$

Zero, since you won$$t exercise the option.

It is impossible to determine whether the call will be exercised without knowing the option premium paid for the long call