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You Own fiVe Put Option Contracts on XYZ Stock with an Exercise

question 249

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You own five put option contracts on XYZ stock with an exercise price of $25. What is the total intrinsic value of these contracts if XYZ stock is currently selling for $24.50 a share?


Definitions:

Major Structure

The primary or most stable configuration out of various potential structures for a molecule.

Necessary Reagents

Specific chemicals or substances required to carry out a particular chemical reaction.

Reaction

A process in which chemical substances convert to other substances through the breaking and forming of chemical bonds.

Synthetic Steps

The individual reactions or processes that are performed in sequence to synthesize a desired chemical compound from simpler starting materials.

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