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​A Call's Intrinsic Value

Question 24

Multiple Choice

​A call's intrinsic value
​1) determines its maximum price
2) determines its minimum price
3) rises as the price of the stock declines
4) rises as the price of the stock rises


A) ​1 and 3
B) ​1 and 4
C) ​2 and 3
D) ​2 and 4

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