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A Put option is available on the Stock of Rally Corporation. The exercise price is $65. The put option price is $1. Rally stock is

A Put option is available on the Stock of Rally Corporation. The exercise price is $65. The put option price is $1. Rally stock is currently selling for $70 per share. What is the "intrinsic value" of the put option.

a. $0.

b. $4.

c. $5.

d. $$9.

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