Unless far out-of-the-money or far in-the-money, for otherwise identical call options, the longer the term to expiration,

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Unless far out-of-the-money or far in-the-money, for otherwise identical call options, the longer the term to expiration, the lower the price for

a. American call options but not European call options.

b. both European call options and American call options.

c. neither European call options nor American call options.

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Related Book For  book-img-for-question

Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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