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9. (20 points) ai) Explain the advantages of buying calls as compared with buying stock. a2) Explain how the writer of a call option, makes

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9. (20 points) ai) Explain the advantages of buying calls as compared with buying stock. a2) Explain how the writer of a call option, makes a profit. a3) What is the worst that can happen, to the writer of a call option? bi) Explain the statement "a call option is in the money". b2) Explain how call delta (CA = C) can be used to classify if a call option is in the money

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