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Answer Question 3&4. Thank you. 3. How do we value an option. Explain it with its formula. 4. How do we calculate Profit/Loss of Call

Answer Question 3&4. Thank you. image text in transcribed
3. How do we value an option. Explain it with its formula. 4. How do we calculate Profit/Loss of Call option and Put option? Explain them (1) Call option buyer (2) Call option writer (3) Put option buyer (4) Put option writer

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