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​A Put Option Premium Has a Lower Bound That Is

Question 103

Multiple Choice

​A put option premium has a lower bound that is equal to the greater of zero and the difference between the underlying ____ prices. The upper bound of a put option premium is the ____ price.


A) ​spot and exercise; exercise
B) ​spot and exercise; spot
C) ​exercise and spot; exercise
D) ​exercise and spot; spot

Correct Answer:

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