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14. A 6-month put option on a stock has a strike price of $45. Its current stock price = $41. What is the exercise value

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14. A 6-month put option on a stock has a strike price of $45. Its current stock price = $41. What is the exercise value of the option (hint: -max(strike-current price, 0)? a. $-4.00 b. $4.00 c. $0.00 d. $2.00

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