The following diagram shows the value of a put option at expiration: Long put Exercise price = $80 Option value 0 Short put 76 80 Stock price ($) Ignoring transaction costs, which of the following statements about the value of the put option at expiration is true? The expiration value of the short position in the put is $4 if the stock price is $76. The expiration value of the long position in the put is $4 if the stock price is $76. The long put has a positive expiration value when the stock price is below $80. The value of the short position in the put is zero for stock prices equaling or exceeding $76