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Select the best answer to finish the sentence: If Pierre writes an at the money 3 -month call option on Altec stock and he has

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Select the best answer to finish the sentence: If Pierre writes an "at the money" 3 -month call option on Altec stock and he has no other position in Altec stock, the potential loss on Pierre's position is limited to the premium paid to him for writing the option. unlimited. Increasing when the stock price is decreasing. limited to the time value of the option

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