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a. 3) How the time to expiration of an option will affect its value? The longer the time to expiration, the greater the value of

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a. 3) How the time to expiration of an option will affect its value? The longer the time to expiration, the greater the value of the call and the greater the value of the put b. The longer the time to expiration, the lower the value of the call and the greater the value of the put C. The longer the time to expiration, the greater the value of the call and the lower the value of the put d. The longer the time to expiration, the lower the value of the call and the lower the value of the put

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