The Value of a Call Option Just Prior to Expiration

question 65

Multiple Choice

The value of a call option just prior to expiration is (where V is the underlying asset's market price and X is the option's exercise price)

• A) Max [0, V - X]
• B) Max [0, X - V]
• C) Min [0, V - X]
• D) Min [0, X - V]
• E) Max [0, V > X]

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