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A put on a share of stock has a strike price of $200. Suppose the spot price (S0) at t = 0 is $175, and
A put on a share of stock has a strike price of $200. Suppose the spot price (S0) at t = 0 is $175, and the expiration day spot price of the stock is ST = $215. What is the expiration day value of the put to the holder? $25 $15 $0 $15 $25
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