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Which of the following is true for a put option on a non-dividend-paying stock when the stocks price equals the strike price? A. It has

Which of the following is true for a put option on a non-dividend-paying stock when the stocks price equals the strike price?

A. It has a delta of 0.5

B. It has a delta less than 0.5

C. It has a delta greater than 0.5

D. Delta can be greater than or less than 0.5

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