Consider Five Put Options at Strikes 40,45,50,55,and 60

Multiple Choice

Consider five put options at strikes 40,45,50,55,and 60.The price of the 40-strike option is $4,the price of the 50-strike put is $5,and the price of the 60-strike option is $8.Which of the following statements is most accurate? (Assume all options have the same maturity. )

A) The maximum difference between the prices of the 55-strike put and the 45-strike put is $0.
B) The difference between the maximum prices of the 55-strike put and the 45-strike put is $0.50.
C) The minimum difference between the prices of the 55-strike put and the 45-strike put is $1.00.
D) The difference between the maximum prices of the 55-strike put and the 45-strike put is $2.00.