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Consider the following information on options from the CBOE for Rackspace.

RAX 30.09 +0.48

12/3/10 Bid 30.07 Ask 30.09

Calls	Last Sale	Net	Bid	Ask	Vol	Open Int
RAX 10 Dec 29	1.25	0	1.5	1.7	0	1436
RAX 10 Dec 30	1.05	0.27	0.95	1.1	5	2245
RAX 10 Dec 31	0.6	0.15	0.55	0.7	13	485
RAX 10 Dec 32	0.45	0	0.3	0.4	0	74
RAX 11 Jan 29	1.7	0	2.25	2.5	0	872
RAX 11 Jan 30	1.87	0.02	1.75	2	30	523
RAX 11 Jan 31	1.41	0.06	1.3	1.5	3	85
RAX 11 Jan 32	1.2	0	0.95	1.1	0	117

Puts	Last Sale	Net	Bid	Ask	Vol	Open Int
RAX 10 Dec 29	0.6	minus?0.2	0.5	0.7	1	750
RAX 10 Dec 30	1.19	0	0.95	1.1	0	521
RAX 10 Dec 31	2.05	0	1.55	1.7	0	31
RAX 10 Dec 32	0	0	2.15	2.5	0	0
RAX 11 Jan 29	1.85	0	1.45	1.7	0	1205
RAX 11 Jan 30	0	0	1.95	2.2	0	150
RAX 11 Jan 31	0	0	2.55	2.7	0	100
RAX 11 Jan 32	0	0	3.1	3.4	0	0

Assume you want to sell 20 call option contracts with an exercise price closest to being at?the?money and that expires January 2011. The current price that you would receive for such a contract? is:

A. ?$4000

B. ?$2600

C.?$3900

D.?$3500

E.?$4500

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