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At maturity, the intrinsic value of a put option is positive: Select one: a. If the spot price of the underlying asset is less than

At maturity, the intrinsic value of a put option is positive:

Select one:

a. If the spot price of the underlying asset is less than the strike price

b. If the spot price of the underlying asset is equal to the exercise price

c. If the spot price of the underlying asset is less than the exercise price

d. If the spot price of the underlying asset is less than the strike price

e. Under all conditions

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