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    Exam 9: Derivatives: Futures, Options, and Swaps
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    As an Option Approaches Its Expiration Date, the Value of the Option
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As an Option Approaches Its Expiration Date, the Value of the Option

Question 59

Question 59

Multiple Choice

As an option approaches its expiration date, the value of the option approaches:


A) the intrinsic value.
B) the price of the underlying asset.
C) zero.
D) infinity.

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