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15. You buy three put option contracts on Ford Motors stock with an exercise price of $35. What is the total intrinsic value of these

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15. You buy three put option contracts on Ford Motors stock with an exercise price of \$35. What is the total intrinsic value of these contracts if the stock is currently selling for $40 a share? (4 points) A. $1500 B. $120 C. $0 D. $120 E. $1500

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