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Which of the following is a feature of an option? The price of the underlying asset has no effect on the option premium Some options

Which of the following is a feature of an option?

	The price of the underlying asset has no effect on the option premium
	Some options require the writers to already own a security that they agreed to sell
	Options require the buyers and sellers to trade assets at a predetermined price in the future
	Hedging with options results in the elimination of gains as well as losses

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