An option's value declines over time, but it does not do it evenly. Explain what that means

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An option's value declines over time, but it does not do it evenly. Explain what that means for option valuation?
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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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