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How does raising (lowering) the strike price affects an options value?

Please write a minimum of two paragraphs answering the above question in a word document. Please also give an example that supports your answer. If you use any outside resources please site at the bottom of the word document .

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The bottom of the word document : Please write a minimum of two paragraphs answering the above question in a word document. Please also give an example that supports your answer. If you use any outside resources please site at the bottom of the word document .

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