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11. An options writer has risk and returns. 12. An options buyer has risk and returns. 13. The price of December corn on April 27,

image text in transcribed 11. An options writer has risk and returns. 12. An options buyer has risk and returns. 13. The price of December corn on April 27, 22023 is 5322 / bushel. Explain this price notation. 14. Options are referred to as a "decaying asset", explain. 15. When the strike price = market price, the option is termed

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