You hold a floating-strike lookback put option written on a stock.The stock price at inception was $56,the stock price at maturity is $63,and the lowest and highest stock prices observed over the option's life are,respectively,$52 and $64.The payoff from the option at maturity is
A) Zero.
B) $1.
C) $11
D) Cannot be answered without information on the strike price.
Correct Answer:
Verified
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