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QUESTION 22 Which of the following best describes the intrinsic value of an option? The value it would have if the owner had to exercise

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QUESTION 22 Which of the following best describes the intrinsic value of an option? The value it would have if the owner had to exercise it immediately or not at all The Black-Scholes- Merton price of the option The lower bound for the option's price The amount paid for the option

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