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QUESTION 1 Which of the following statements is / are true? I. Options contain a right but not an obligation II . Options can have

QUESTION 1
Which of the following statements is/are true?
I. Options contain a right but not an obligation
II. Options can have negative intrinsic value
III. Options can have negative prices
a. I, II, and III
b. I only
c. II and III
d. I and II
e. Il only
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