Suppose that you purchased 10 call options on Tesla stock in the past. The option you bought has an exercise price of 750, and the stock is now at 775. The option allows you to exercise immediately. What will happen if you exercise all of the option contracts now?
Group of answer choices
You will pay $7,500 and receive Tesla stock.
You will have to sell 1,000 shares of Tesla at 775 per share.
You will receive your initial premium paid from your broker as a rebate.
You will have to pay $750,000 to purchase Tesla stock.
You will receive $750 and no shares of Tesla.