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Please do #3 and write legibly - thanks! 3) A double call option is one that can be either exercised at time 11 with strike

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Please do #3 and write legibly - thanks!

3) A double call option is one that can be either exercised at time 11 with strike price K1 or at time T2, (T2 > T1) with strike price K2. Argue that you would never exercise at time T1 1 -e 2

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