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According to the Black-Scholes option-pricing model, two options on the same stock but with different exercise prices should always have the same _________________. (Justify why
According to the Black-Scholes option-pricing model, two options on the same stock but with different exercise prices should always have the same _________________. (Justify why the choice is correct and why the choice is incorrect)
1. price
2. expected return
3. implied volatility
4. maximum loss
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