A Stock Has a Price of $68 Per Share

question 5

Multiple Choice

A stock has a price of $68 per share. A two-month put (strike price = $70) on the stock is available at a $6 premium. The intrinsic value on the put is:

• A) $0 and its time value is $6.
• B) $0 and its time value is $4.
• C) $2 and its time value is $4.
• D) $4 and its time value is $2.

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Definitions:

Nephron

The basic structural and functional unit of the kidney, responsible for filtering blood and producing urine.

Renal Capsule

A tough fibrous layer surrounding the kidney and providing it with structural support and protection.

Solute Balance

The regulation and distribution of dissolved substances, such as ions and nutrients, within an organism or system.