23.4 The value of a put option is higher when the exercise price is higher. You would...
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23.4 The value of a put option is higher when the exercise price is higher. You would be willing to pay more for the right to sell a stock at a high price than the right to sell it at a low price.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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