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9. There is a(n) direct/inverse relationship between the price of a call and its exercise price. 10. Assuming the strike price of a call is

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9. There is a(n) direct/inverse relationship between the price of a call and its exercise price. 10. Assuming the strike price of a call is $150, what will be the payoff of the option at expiration? a. Max (150 - ST, 0) b. Min (150 - ST, 0) Max (ST - 150,0) d. Min (ST - 150,0) c. 11. In 2-3 sentences, explain exactly how the volatility of the price of the underlying asset affects the price of the asset's call/put options. (3 pts.)

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