A 6-Month Put Has a Strike Price of $32

question 51

Multiple Choice

A 6-month put has a strike price of $32.50.The underlying stock's price is $31.10.What is intrinsic value of this put?

• A) $0.00
• B) $0.70
• C) $1.40
• D) $2.10
• E) $2.80

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