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:

Transference

The process by which emotions and desires originally associated with one person are unconsciously redirected towards another.

Synchronicity

A concept proposing that events are "meaningful coincidences" if they occur with no causal relationship yet seem to be meaningfully related.

Operationalize

The process of defining a concept so that it can be measured or expressed quantitatively or qualitatively in research.

Psychosexual Stages

A series of stages proposed by Freud through which a child's personality develops, each characterized by a focus on erogenous zones.