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It is February. March and April call options on JXU, Inc. are available with exercise prices of $20, $30, and $40. Among the other options,
It is February. March and April call options on JXU, Inc. are available with exercise prices of $20, $30, and $40. Among the other options, the _____ option with the ______ exercise price will have the highest value.
a.) April; $20
b.) April; $40
c.) March; $20
d.) April; $30
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