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Five months ago, Mr. White bought a put option on the stock of AIG with a strike price of k= $89. Today, the option expires
Five months ago, Mr. White bought a put option on the stock of AIG with a strike price of k= $89. Today, the option expires and the price of AIG is $83. What is the payoff of the option for Mr. White?
A) $ 0
B) $ 5
C) $ 6
D) $ 0
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