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Three months ago, Mrs. Jones sold a put option on the stock of Shell with a strike price of k= $150. Today, the option expires
Three months ago, Mrs. Jones sold a put option on the stock of Shell with a strike price of k= $150. Today, the option expires and the price of Shell is $145. What is the payoff of the option for Mrs. Jones?
A) $ -10
B) $ -6
C) $ 0
D) $ -5
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