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Suppose a stock exists with a price of $17, and a put option on the stock exists with an exercise price of $32. What is

Suppose a stock exists with a price of $17, and a put option on the stock exists with an exercise price of $32. What is the approximate minimum value of the put option?

a.

$15.

b.

$17.

c.

$32.

d.

$ 0

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