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(Call strikes) Consider a family of call options on a non-dividend-paying strock, each option being identical except for its strike price. The value of the

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(Call strikes) Consider a family of call options on a non-dividend-paying strock, each option being identical except for its strike price. The value of the call with strike price K is C(K) Prove the following general results using arbitrage arguments: (a) K2 > K1 implies C(K C(K2)

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