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Which of the following statement is NOT correct? Higher underlying asset volatility leads to higher call option price under the Black-Scholes formula is because there

Which of the following statement is NOT correct?

Higher underlying asset volatility leads to higher call option price under the Black-Scholes formula is because there is greater need to hedge for more volatile assets

An in the money call option has strike price higher than the underlying asset price

Time to maturity affect option price according to Black-Scholes formula

Out of the money options should not be exercised

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