A 3-Month Put Has a Strike Price of $50 and an Option

question 80

Multiple Choice

A 3-month put has a strike price of $50 and an option premium of $3.10. The underlying stock is selling for $47.80 per share. What is the time value of the put?

• A)$0
• B)$.60
• C)$.90
• D)$1.10
• E)$2.20

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