You purchased three call option contracts with a strike price of $22.50 and an option premium of $0.45.You held the option until the expiration date.On the expiration date,the stock was selling for $21.70 a share.What is the total profit or loss on your option position?
A) -$45
B) $0
C) -$240
D) -$120
E) -$135
Correct Answer:
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