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You purchase an option that gives you the right to purchase

Suppose that on January 2, Microsoft stock is trading for $34 per share. You purchase an option that gives you the right to purchase 100 shares of Microsoft stock for $35 on or before March 15. The option costs $3. On March 15, Microsoft stock is trading for $40 per share. In this scenario, the strike price is:

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Business Management: You purchase an option that gives you the right to purchase

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