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Assume an initial underlying stock price of $20, a exercise price of $20, a time to expiration of 3 months, a risk free rate of

Assume an initial underlying stock price of $20, a exercise price of $20, a time to expiration of 3 months, a risk free rate of 12% and a underlying stock return variance of 16%. If the exercise rice decreased to $15 and assuming other variables are constant, the call optio value would a) increase, b) remain the same, c) decrease, d) indeterminate from the information given.

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