Time decay is greatest for an option close to expiration. Use the spreadsheet functions to evaluate this

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"Time decay is greatest for an option close to expiration." Use the spreadsheet functions to evaluate this statement. Consider both the dollar change in the option value and the percentage change in the option value, and examine both in-the-money and out-of-the-money options.
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Derivatives Markets

ISBN: 978-0321543080

4th edition

Authors: Rober L. Macdonald

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