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Which is incorrect regarding a European put option premium? a. It cannot exceed the present value of its strike price b. It declines at a

Which is incorrect regarding a European put option premium?

a.

It cannot exceed the present value of its strike price
b.

It declines at a decreasing rate as the underlying price declines
c.

It increases at an increasing rate as the underlying price declines
d.

Its declines as the put nears expiration, all else equal

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