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What is the value of an option to buy one common share if

Question: (a) What is the value of an option to buy one common share if the exercise price is zero?

(b) What is the value of an option to buy one common share if the life of the option is infinite? Assume that the underlying stock does not pay dividends.

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Finance Basics: What is the value of an option to buy one common share if

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Finance Basics: What is the value of an option to buy one common share if

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