MFG 0.21% $9.49 magellan financial group limited

I understand the exercise price is $35 dollars so at that price...

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    I understand the exercise price is $35 dollars so at that price it would be cheaper to buy on market,rather than exercise the options.

    “Each Option will provide shareholders with the right – but not the requirement – to purchase one Magellan share at an exercise price of $35.00 per Option, expiring on 16 April 2027,”
 
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