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The following is NOT correct regarding the put option premium The greater the variability, the greater the probability that the option may be exercised The

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The following is NOT correct regarding the put option premium The greater the variability, the greater the probability that the option may be exercised The higher the spot rate relative to the strike price, the higher the probability that the option will be exercised The longer the time to expiration, the greater the put option premium The lower the spot rate relative to the strike price, the higher the probability that the option will be exercised

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