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

question 63

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You own ten 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?


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Merchants

Individuals or businesses involved in the wholesale trade, especially one dealing with foreign countries or supplying merchandise to a particular trade.

Warriors

Historically or culturally, individuals who engage in or are skilled in combat or warfare.

Infidelity

The act of being unfaithful in a committed relationship, which can include emotional or physical relationships with someone other than the partner.

Publicly Embarrassed

A situation where an individual experiences humiliation or shame in front of others.

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