The Intrinsic Value of a Put Is Equal to The

Multiple Choice

The intrinsic value of a put is equal to the:

A) lesser of the stock price minus the exercise price or zero.
B) greater of the strike price minus the stock price or zero.
C) lesser of the stock price or zero.
D) lesser of the strike price or the stock price.
E) greater of the stock price minus the exercise price or zero.