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Which of the following is INCORRECT about binary call options? Select one: a.A plain vanilla call option is a portfolio of binary options. b.They can

Which of the following is INCORRECT about binary call options? Select one: a.A plain vanilla call option is a portfolio of binary options. b.They can never be priced analytically. c.They have discontinous payoffs. d.Payoffs do not depend on how much the strike price is exceeded by.

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