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Consider two put options written on ABC Inc.'s stock. The first put, P1, has an exercise price of $45. The second put, P2, has an

Consider two put options written on ABC Inc.'s stock. The first put, P1, has an exercise price of $45. The second put, P2, has an exercise price of $25. Both puts have the same expiration date. Today is the expiration date. Both put option are out of the money. Which of the following stock price is consistent with this situation?

Answer Choices:

A) 20

B) 25

C) 35

D) 45

E) 50

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