The current market price of NTD is $1. A one month European call option on NTD with
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Question:
The current market price of NTD is $1. A one month European call option on NTD with a strike price of $20 must be worth nothing because its intrinsic value is 0 and it is impossible for the share price to exceed $20 in a month.
A. TRUE
B. FALSE
Justify
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