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Mathematics, statistics question and logical reasoning as well was asked
Call/put options are financial contracts that give the buyer the right, but not the obligation, to buy/sell an underlying asset at a predetermined price within a specified time period.
Call option: the right to buy an underlying asset at a predetermined price within a specified time period
Put option: the right to sell an underlying asset at a predetermined price within a specified time period
The buyer pays a premium to ...
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