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Basic Question 1 of 12
The higher the carry benefits, the ______ the value of the put option.
B. lower
C. same
A. higher
B. lower
C. same
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Edward Liu
Learning Outcome Statements
describe how the Black model is used to value European options on futures;
describe how the Black model is used to value European interest rate options and European swaptions;
CFA® 2026 Level II Curriculum, Volume 5, Module 32.