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Explain how each of the following events will affect the value of a european put option on a stock. 1. A decline in the price

Explain how each of the following events will affect the value of a european put option on a stock.

1. A decline in the price of the underlying stock

2. A decline in the volatility of the underlying stock price

3. The passing of one week

4. The payment of a cash dividend on the underlying stock

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