At contract maturity the value of a call option is ________ where X equals the option's strike price and ST is the share price at contract expiration. A)Max(0, S_T - X) B)Min(0, S_T - X) C)Max(0, X - S_T) D)Min(0, X - S_T)

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At contract maturity, the value of a call option is Max(0, S_T - X), where X equals the option's strike price and ST is the share price at contract expiration. This is because the call option gives the holder the right, but not the obligation, to buy the underlying asset at the strike price. If the share price at contract expiration is greater than the strike price, the call option is in the money and the holder can exercise the option to buy the underlying asset at the strike price and then immediately sell it at the market price, making a profit. If the share price at contract expiration is less than the strike price, the call option is out of the money and the holder will not exercise the option, resulting in a loss of the premium paid for the option.

At Contract Maturity the Value of a Call Option Is