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Question B2 (c) If a stock is selling for $25, the exercise price of a put option on that stock is $20, and the time

Question B2

(c) If a stock is selling for $25, the exercise price of a put option on that stock is $20, and the time to expiration of the option is 90 days, what are the minimum and maximum prices for the put option today? (4 marks)

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