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(1 point) The buyer of a Euro put option has the right, but not the obligation, to sell an asset (the underlying), at a specified

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(1 point) The buyer of a Euro put option has the right, but not the obligation, to sell an asset (the underlying), at a specified price (the strike), on a predetermined date (the expiry or maturity) to a given party (the seller of the put) Let K be the strike price, and let S be the value of the asset at expiration. What is the value of the put option at expiration T? Pls,T) = help (formulas) Use maz(x, y) for the maximum of z, y

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