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Use the following information for Ares stock: Spot for Ares Strike/Exercise Type of Option Call Option Put Option Expiration of Option 3 months 3 months

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Use the following information for Ares stock: Spot for Ares Strike/Exercise Type of Option Call Option Put Option Expiration of Option 3 months 3 months Price of Option $7 190 $200 $200 $16 190 What is the intrinsic value of the put option for Ares: $16 $26 $10 $0

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