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Texa Inc Is Trading at $23 Per Share and Has Options

Question 62

Multiple Choice

Texa Inc. is trading at $23 per share and has options available with a $30 strike price. Which of the following options will have the highest premium?


A) A call option on Texa with a 1-month expiration
B) A put option on Texa with a 1-month expiration
C) A call option on Texa with a 3-month expiration
D) A put option on Texa with a 3-month expiration

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