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    Exam 20: Understanding Options
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    The Difference Between the Value of a Call Option and the Stock
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The Difference Between the Value of a Call Option and the Stock

Question 23

Question 23

Multiple Choice

The difference between the value of a call option and the stock price less the exercise price is greatest when the option is:


A) out of the money.
B) in the money.
C) at the money.
D) cannot be determined.

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