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Which of the followings represents) long position when exercised in the underlying asset market? (1) Purchased call (2) Purchased put (3) Written put (4) Written

Which of the followings represents) long position when exercised in the underlying asset market?

(1) Purchased call (2) Purchased put (3) Written put (4) Written call

O (1)only

O (3) and (4)

O (1) and (3)

O (2) and (4)

O (3) only

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