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Let pK be the current price of a European put expiring at time T with strike price K. Let S_0 be the spot price of

Let pK be the current price of a European put expiring at time T with strike price K. Let S_0 be the spot price of the underlying asset.

Compare the following quantities if possible. If not enough information is available to make a definitive comparison, be sure to indicate that that is the case.

(a) Compare p50, p55, p60. (

b) Compare p50 and 50.

(c) Compare p50 and S0.

(d) Compare 2p54 and p50 + p60.

(e) Compare 2p56 and p50 + p60.

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