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It is currently Nov 1 and the stock price for ZZZ Corp is 113.25. The risk-free rates are 7.30% (Nov), 7.50% (Dec) and 7.62%(Jan). The

It is currently Nov 1 and the stock price for ZZZ Corp is 113.25. The risk-free rates are 7.30% (Nov), 7.50% (Dec) and 7.62%(Jan). The expiration dates for the options are Nov 15, Dec 20, and Jan 17. Assume the options are European and no dividends are paid.

Calls

Puts

Strike

Nov

Dec

Jan

Nov

Dec

Jan

105

8.4

10

11.5

1.3

1.3

2

110

4.4

7.1

8.3

0.9

2.5

3.8

115

1.5

3.9

5.3

2.8

4.8

4.8

what is the intrinsic value of the November 105 put?

Question 2 options:

0.30

8.25

8.50

0.00

none of the above

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