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1. Which of the following statements is/are true? 1. Options contain a right but not an obligation II. Options can have negative intrinsic value III.

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1. Which of the following statements is/are true? 1. Options contain a right but not an obligation II. Options can have negative intrinsic value III. Options can have negative prices a. I, II, and III b. I only c, II and III d. I and II e. Il only

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