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Which of the following statements regarding an option's price is correct? An option's price is...

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Which of the following statements regarding an option's price is correct? An option's price is a( n) : increasing function of the undettying asser's volatility decreasing function of the underlying asset's volatility decreasing function of the underlying asset's volatilty when a has a long time remaining untl expiration and an increasing function of its volahility it the option is close to expiration

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