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The time value of a European option a. is always positive for an at?the?money option b. is always positive for an out?of?the?money option c. is

The time value of a European option

a.

is always positive for an at?the?money option

b.

is always positive for an out?of?the?money option

c.

is always positive for an in?the?money option

d.

decreases with the time that remains until the optionexpires

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