You Hold a Put Option on a Stock with a Strike

question 37

Multiple Choice

You hold a put option on a stock with a strike price of $23. The stock is selling for $25. What is the approximate minimum value of the put option?

• A) $23
• B) $25
• C) $2
• D) $0

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Definitions:

Paleoanthropology

The scientific study of ancient humans and their relatives through fossils and other physical remains, exploring human evolution and prehistory.

Biocultural Approach

An analytical framework combining biological and cultural perspectives to understand human behavior and adaptation to environments.

Bioarchaeology

The archaeological study of human remains, emphasizing the preservation of cultural and social processes in the skeleton.

Mummified Skeletal Remains

The preserved remains of a body in which both soft tissues and skeletal structures have undergone a process of mummification.