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23. What happens when the volatility is zero in the Black-Scholes model? A) B) C) D) The option automatically expires out-of-the-money The option price converges
23. What happens when the volatility is zero in the Black-Scholes model? A) B) C) D) The option automatically expires out-of-the-money The option price converges to either zero or the lower bound The gamma and delta converge The option price converges to the intrinsic value
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