Answer the following questions, based on your understanding of options, option price, and exercise value. True or False: You bought 100 shares of IKnow Inc. at $15 per share. You sold a call option for 100 shares with a strike price of $20 per share. This is an example of a covered option. True or False: Corporations on whose stocks options are traded in the option market are directly involved in the process, and it helps them raise additional funds. True or False: Long-term options usually have maturities up to three years, unlike regular options that usually expire in six months