The following quotes were observed for options on a given stock on November 1 of a given year. These are American calls except where indicated. Use the information to answer questions 7 through 20.
The stock price was 113.25. The risk-free rates were 7.30 percent (November) , 7.50 percent (December) and 7.62 percent (January) . The times to expiration were 0.0384 (November) , 0.1342 (December) , and 0.211 (January) . Assume no dividends unless indicated.
-What is the intrinsic value of the December 115 put?
Definitions:
Ideal Space
An optimal physical or psychological environment tailored to the specific needs or preferences of individuals or groups.
Climato-Economic Theory
A theory positing that the economic and climatic conditions of a region shape its culture's norms and practices, especially regarding how much emphasis is placed on future planning and social norms.
Van de Vliert
Refers to Evert Van de Vliert, a psychologist known for his research on how climate and economic conditions influence societal cultures, conflict, and cooperation.
Attributions
Explanations for the causes of behaviors or events, often categorized as internal (personal) or external (situational) in nature.
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