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If a stock is selling for $25, the exercise price of a put option on that stock is $20, and the time to expiration of
If a stock is selling for $25, the exercise price of a put option on that stock is $20, and the time to expiration of the option is 90 days, what are the minimum prices for the put today?
a. 0$ and $20
b. $0 and $5
c. $5 and $20
d. $5 and $25
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