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You own 20 put options with a strike of $26 and the current price for the underlying asset is $21.9. If the company announces a
You own 20 put options with a strike of $26 and the current price for the underlying asset is $21.9. If the company announces a 3 for 1 stock split and the final stock price at maturity ends up being 3.6. What is the intrinsic value of all your options at maturity?
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