BUG's Stock Price Is $53 and Its Put Price Is

question 10

Multiple Choice

BUG's stock price is $53 and its put price is $4.50 for a strike price of $55.This put option's intrinsic value is:

• A) $2
• B) $2.50
• C) $3
• D) $4
• E) None of these answers are correct.

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Definitions:

Afferent Arteriole

Branch of an interlobular artery of the kidney that conveys blood to the glomerulus.

Arcuate Artery

Artery that originates from the interlobar arteries of the kidney and forms an arch between the cortex and medulla of the kidney.

Simple Cuboidal Epithelium

A single layer of cube-shaped cells common in glandular ducts and parts of the kidney, specialized for secretion and absorption.

Proximal Convoluted Tubule

A segment of the nephron in the kidney which reabsorbs water, ions, and nutrients from the filtrate.