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Of the following four put options that can be purchased on a stock, which would you expect to have the highest price? And why? All

Of the following four put options that can be purchased on a stock, which would you expect to have the highest price? And why? All option months are in the same calendar year.

A)September put, $70

B)September put, $75

C)December put, $70

D)December put, $75

Please explain why you have chosen the answer you did

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