) Put option contract 23) Which one of the following defines the relationship between the value of an option and the option's time to expiration? A) Vega B) Rho C) Gamma D) Delta E) Theta 24) Pizza Shoppes is considering either leasing or buying a new $24,000 oven. The lease payments would be $8,700 a year for three years. The oven would be depreciated on a straight-line basis over a three-year life and then be resold for $5,500. The firm borrows at 7 percent and has a tax rate of 21 percent. What is the net advantage to leasing? A) -$2,084 B) -$2,760 C)-$1,899 D-S1,833 E) -$2,809 A a re priced in dollar per alle