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What is the exercise value (intrinsic value) at the time of purchase (t =0) to the holder of a put with price $120 if the
What is the exercise value (intrinsic value) at the time of purchase (t =0) to the holder of a put with price $120 if the underlying asset is $100 and the put premium is $30?
$0
$5
$10
$15
$20
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