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A 3-month put has a strike price of $50. The underlying stock's price is $48.75 What is the intrinsic value of thes put? Select one

A 3-month put has a strike price of $50. The underlying stock's price is $48.75 What is the intrinsic value of thes put? Select one a. $ b. $.90 c. $3.60 d. $1.25 e. $2.30

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