Which of the following changes, everything else held constant, will increase the value of a put option?

Question

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A higher strike price increases the value of a put option as it gives the holder the right to sell the underlying asset at a higher price, creating a potential profit. The other choices - A) An increase in the risk-free interest rate, B) Lower volatility of the price of the underlying asset, and D) The option is nearing its expiration date - have the opposite effect and would decrease the value of the put option.

Which of the Following Changes, Everything Else Held Constant, Will