Multiple Choice
A 6-month put option on Smith Corp.'s stock has a strike price of $46.00 and sells in the market for $8.50.Smith's current stock price is $40.00.What is the option premium? Do not round your intermediate calculations.
?
A) $2.90
B) $2.50
C) $2.18
D) $2.28
E) $2.93
Correct Answer:
Verified
Correct Answer:
Verified
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