QUESTION 45

A protective put position consists of

OA. Underlying long, put long

OB. Underlying short, put short

OC. Underlying long, put short

OD. Call short, put long

QUESTION 46

Which of the following statements is most accurate? If the time to maturity increases

A. The value of an American call increases and the value of an American put increases

B. The value of an American call increases and the value of an American put decreases

OC. The value of an American call decreases and the value of an American put increases

D. The value of an American call decreases and the value of an American put decreases.