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The payoff of a put option at expiration is: a) Max [0, S(T) - X] b) Max [0, X - S(T)] c) Min [0, S(T)
The payoff of a put option at expiration is:
a) Max [0, S(T) - X]
b) Max [0, X - S(T)]
c) Min [0, S(T) - X]
d) Min [0, X - S(T)]
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