The Value of a Put Option at Expiration Is

question 65

Multiple Choice

The value of a put option at expiration is:

• A) market price of the share minus the exercise price
• B) higher of the exercise price minus market price of the share and zero
• C) the exercise price
• D) none of the above

---

Definitions:

Excise Tax

A tax directly levied on certain goods, services, or activities, often included in the price of the product.

Improved Technology

Advances or enhancements in technology that lead to better efficiency, productivity, or outcomes in various fields.

Quantities Supplied

The amounts of goods or services that producers are willing and able to sell at various prices over a certain time period.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.