c) Prove that the premium on a European put option must always be below the present value of its exercise price Demonstrate that if this condition does not hold, an arbitrage profit is possible

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c) Prove that the premium on a European put option must always be below the present value of its exercise price  Demonstrate that if this condition does not hold, an arbitrage profit is possible

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c) Prove that the premium on a European put option must always be below the present value of its exercise price. Demonstrate that if this

c) Prove that the premium on a European put option must always be below the present value of its exercise price. Demonstrate that if this condition does not hold, an arbitrage profit is possible

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