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The Black-Scholes model suggests that, assuming all else equal, if the time to expiration is shorter: Time is not a component of the Black-Scholes model

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The Black-Scholes model suggests that, assuming all else equal, if the time to expiration is shorter: Time is not a component of the Black-Scholes model The value of a call option is higher The values of calls are higher but the values of puts are lower The value of a put option is lower

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