Let be the price of put as given by the Black-Scholes formula:

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a) Calculate the limit , AND b) explain your answer from the financial perspective.

Answer all parts fully and clearly pls to receive good rating

Ct, S, E) = SN(d) - Ee-r(T-1) (da), P(t, S, E) = Ee - (T-t)N(-d2) - SN(-d)