please please answer both questions urgently and perfectly. I will give positive rating if you solve both Questions and answer them correctly. mention each part answer as you give. Don't answer if you aren't sure about the answer

Question 7 12 pts Which statement is INCORRECT about options? You never want to exercise American call options early O A known dividend can be incorporated into an adjusted put-call parity (still an equality) for European options: 0 You may want to exercise American put options early. Given strictly positive interest rates and an underlying stock that pays no dividends, the best way to close out a long American call option position early is to sell a call option. Question 1 12 pts Which statement is INCORRECT about a straddle? d. A straddle can be constructed by a long call and a long put 0 a. long straddle has unlimited potential profit O c. Option traders short a straddle to bet on high volatility of stock returns O b. Option traders often buy a straddle to bet on risky future events affecting a company that can impact the stock price in either a positive or negative direction