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a. When would you observe two call options, identical in all respects except for their time to expiration, sell for the same price? b. If

a. When would you observe two call options, identical in all respects except for their time to expiration, sell for the same price?

b. If you buy a strap that is not at-the-money, you always have an intrinsic value. True or false? Explain.

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