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Question 6 1. Define each of the following terms: Call option Put option Strike price or exercise price Expiration date Exercise value Option price Time
Question 6 1. Define each of the following terms:
Call option
Put option
Strike price or exercise price
Expiration date
Exercise value
Option price
Time value
Writing an option
Covered option
Naked option
In-the-money call
Out-of-the-money call
LEAPS
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