Which of the following options has intrinsic value at the start of the contract? (a) A three-month
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Which of the following options has intrinsic value at the start of the contract?
(a) A three-month call option with an exercise price of 230p on a share currently priced at 240p.
(b) A three-month put option with an exercise price of 230p on a share currently priced at 240p.
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