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Which of the following 3-month American-style call options should have the largest intrinsic value? a) A substantially out-of-the-money call b) An at-the-money call c) A

Which of the following 3-month American-style call options should have the largest intrinsic value?

a) A substantially out-of-the-money call

b) An at-the-money call

c) A substantially in-the-money call

d) Cant say

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