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A put option Select one: a. Has positive intrinsic value if its strike price is equal to the current stock price b. Never has positive

A put option

Select one:

a. Has positive intrinsic value if its strike price is equal to the current stock price

b. Never has positive intrinsic value

c. Has positive intrinsic value if its strike price is higher than the current stock price

d. Has positive intrinsic value if its strike price is lower than the current stock price

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