Question
Five months ago, Mr. White bought a put option on the stock of AIG with a strike price ofk= $89. Today, the option expires and
Five months ago, Mr. White bought a put option on the stock of AIG with a strike price ofk= $89. Today, the option expires and the price of AIG is $83. What is the payoff of the option for Mr. White?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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