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If S = spot price, E = exercise price, then the value of a put option is given by a. MIN (0, E S) b.

If S = spot price, E = exercise price, then the value of a put option is given by

a.

MIN (0, E S)

b.

MAX (0, S E)

c.

MIN (0, S E)

d.

MAX (0, E S)

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