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A stock is selling for $45.75 with a put option available at a $50 strike that has a premium of $7.50. What is the intrinsic

A stock is selling for $45.75 with a put option available at a $50 strike that has a premium of $7.50. What is the intrinsic value of the put?

4.25

1.25

3.25

5.25

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