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10. (Intrinsic vs. Black-Scholes value for put) As shown in Chapter 18 and in exercise 8 above, the call option value is always greater than
10. (Intrinsic vs. Black-Scholes value for put) As shown in Chapter 18 and in exercise 8 above, the call option value is always greater than its immediate exercise value (S-X) for S> X. However, the value of the European put is sometimes less that its intrinsic value (X-S) for S < X. Use the put option pricing model to find such an example
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