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Buying insurance from a mutual may not always be desirable because:

A) the mutual is trying to make a profit for the stockholders B) you may be paying for other insureds' losses C) premiums may be greater than that of a stock company if the mutual is improperly managed D) the officers of the company are not responsible to the policy holders

The price specified in an option contract at which the holder can buy or sell the underlying asset is called the ________

A) premium B) strike price C) exercise price D) both B and C of the above.