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(1) If an option has positive intrinsic value, is this option in the money, at the money, or out-of-the-money? Suppose it is the expiration date
(1) If an option has positive intrinsic value, is this option in the money, at the money, or out-of-the-money? Suppose it is the expiration date and you are holding this option, will you exercise this option? Why?
(2) If an option has no intrinsic value, does it mean that this option is worthless? Why?
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