You bought an American put option some time ago. Today it has one year left to expiration. Interest rate is 10% per year. Annual compounding applies. Strike price is $100, and stock price is $5. Which of the following is incorrect?

		If you wait until expiration day to exercise the put option, the maximum amount it can possibly be worth at that time is 100
		It is better to exercise the put now than wait until expiration
		You need to know the option premium to decide whether to exercise it now or to wait
		If you exercise the option now, it is worth 95