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18. When Black's model used to value a European option on the spot price of an asset, which of the following is NOT true? A.

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18. When Black's model used to value a European option on the spot price of an asset, which of the following is NOT true? A. It is necessary to know the futures or forward price for a contract maturing at the same time as the option B. It is not necessary to estimate income on the underlying asset C. It is not necessary to know the riskfree rate D. The underlying asset can be an investment or a consumption asset

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