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If the strike price of a put option is X and the stock price is S_T at expiration, the payoff to the holder of the

If the strike price of a put option is X and the stock price is S_T at expiration, the payoff to the holder of the option at expiration is ..........

a. S_T - X

b. X - S_T

c. 0

d. None of the above

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