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Light travels in the form of waves, and these waves affect three aspects of our visual world. Describe, in detail, the three physical characteristics of light waves, and how each affects a specific psychological dimension of our visual experience.
Intrinsic Value
The perceived or calculated true value of an asset, including tangible and intangible factors.
Time Value
The additional value of an option or other derivative based on the time left until its expiration, reflecting the potential for further changes in value.
Strike Price
The predetermined price at which the holder of an option can buy or sell the underlying asset.
Market Price
The current price at which an asset or service can be bought or sold in the marketplace.
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