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Consider two put options on the same stock with the same expirations with strike prices of K1 and K2, respectively. The prices of the two
Consider two put options on the same stock with the same expirations with strike prices of K1 and K2, respectively. The prices of the two options are p1 and p2. Suppose K1 < K2. Then, what is correct below?
p1 = p2
p1 > p2
p1 < p2
cannot determine.
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