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Which of the following statements about a call option is not true ? a. A call option is the right, not the obligation, to buy

Which of the following statements about a call option is not true?

a. A call option is the right, not the obligation, to buy the underlying asset

b. A call option is in the money if the asset price is less than the strike price

c. A call option is at the money if the asset price is the same as the strike price

d. A call option is out of money if the asset price is less than the strike price

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