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Consider a Put OPTION with an exercise price of $40 on a stock trading at $50 per share. What is the Intrinsic Value of the
Consider a Put OPTION with an exercise price of $40 on a stock trading at $50 per share.
What is the Intrinsic Value of the PUT option described (this is a dollar value, not a description)?
Explain briefly why an option premium can NEVER have a negative value.
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