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Problem 1: The opposite payoff to selling (writing) a call option is established by:
a) Buying a put option with the same exercise price and expiry date.
b) Selling a put option with the same exercise price and expiry date.
c) Buying a call option with the same exercise price and expiry date.
d) Selling a call option with the same exercise price and expiry date.
e) Buying a share.
On that date, (1) the Small's equity equaled $150,000, (2) the acquisition-date fair values of Small's assets and liabilities equaled their carrying amounts
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