Which of the following statements about the value of a call option at expiration is FALSE? A: The short position in the same call option can result in a loss if the stock price exceeds the exercise price. B: The value of the long position equals zero or the stock price minus the exercise price, whichever is higher. C: The value of the long position equals zero or the exercise price minus the stock price, whichever is higher. D: The short position in the same call option has a zero value for all stock prices equal to or less than the exercise price.

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