Multiple Choice
To the option holder, put options are worth ______ when the exercise price is higher; call options are worth ______ when the exercise price is higher.
A) more; more
B) more; less
C) less; more
D) less; less
E) It doesn't matter-they are too risky to be included in a reasonable person's portfolio.
Correct Answer:
Verified
Correct Answer:
Verified
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