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Question 35. (a)Does a down-and-out call become more valuable or less valuable as we increase the frequency with which we observe the asset price

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Question 35. (a)Does a down-and-out call become more valuable or less valuable as we increase the frequency with which we observe the asset price in determining whether the barrier has been crossed? What is the answer to the same question for a down-and-in call? (2 points) (b) What is the relationship between a regular call option, a binary call option, and a gap call option? (3 points)

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