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    Exam 20: An Introduction to Derivative Markets and Securities
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    The Value of a Put Option at Expiration Is
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The Value of a Put Option at Expiration Is

Question 67

Question 67

Multiple Choice

The value of a put option at expiration is


A) Max [0, S(T) - X]
B) Max [0, X - S(T) ]
C) Min [0, S(T) - X]
D) Min [0, X - S(T) ]
E) X

Correct Answer:

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