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12 Dynamically hedging a short position in a call option: a. Is guaranteed to save you money b. Results in a reduced volatility of the

12 Dynamically hedging a short position in a call option:

a.

Is guaranteed to save you money

b.

Results in a reduced volatility of the gain/loss

c.

Is more likely to save you money when the option expires out-of-the-money

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