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You are long a 1-month American Call option on a non-dividend paying stock. The strike price is $46 and the current share price is $55.

image text in transcribed You are long a 1-month American Call option on a non-dividend paying stock. The strike price is $46 and the current share price is $55. Given these parameters, the value of this option cannot be lower than $9. True False Question 5 (1 point) When a stock unexpectedly pays a special dividend, Put options will gain value and Call options will lose value when the stock goes ex-dividend True False Question 6 (1 point) An in-the money Put option has intrinsic value but no time value. True False

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