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The value of a call increases when: I. the time to expiration increases. II. the stock price increases. III. the risk-free rate of return increases.

The value of a call increases when: I. the time to expiration increases. II. the stock price increases. III. the risk-free rate of return increases. IV. the volatility of the price of the underlying stock increases.

I and III only
I, III, and IV only
I, II, and III only
I, II, III, and IV

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