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USE FOR QUESTION 1-3. On Tuesday Frank found a car that he is interested in purchasing and has negotiated a price of $24,000. Frank has
USE FOR QUESTION 1-3. On Tuesday Frank found a car that he is interested in purchasing and has negotiated a price of $24,000. Frank has to talk the decision over with his wife before he can make the purchase so Frank pays the dealer $100 to hold the car for one day. This deal is very similar to an option contract. 1. True or False: This deal MORE closely resembles a put option as opposed to a call option
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