Multiple Choice
________ have the highest expected returns and ________ have the lowest expected returns.
A) Out-of-the-money calls; out-of-the-money puts
B) In-the-money puts; out-of-the-money puts
C) Out-of-the-money puts; out-of-the-money calls
D) In-the-money calls; out-of-the-money puts
Correct Answer:

Verified
Correct Answer:
Verified
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