A 3-Month Put Has a Strike Price of $47

question 79

Multiple Choice

A 3-month put has a strike price of $47.50 and an option premium of $1.40.The underlying stock is selling for $46.70 per share.What is the time value of the put?

• A)$0.00
• B)$0.60
• C)$0.70
• D)$1.20
• E)$1.40

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