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A certain stock has call option exercise prices of 80, 90, and 100. (a) Which has the highest premium? Explain. (b) Is premium on the

A certain stock has call option exercise prices of 80, 90, and 100. (a) Which has the highest premium? Explain. (b) Is premium on the stock having exercise price of 90 more or less than the average premium on the other two options? Explain.

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