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value of a European option always
Proportion
A part or portion of a whole, often expressed as a fraction, percentage, or ratio, indicating the relative size of one quantity to another.
Payoff
The expected financial returns or benefits received from an investment, decision, or action.
Long-Run Equilibrium
A state in which all firms in a market are making normal profits, with no incentive to enter or exit the market.
Attendance
The act of being present at a location, such as in the workplace or at an event.
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