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A Stock That Pays No Dividends Has a Price of $50.The

Question 6

Multiple Choice

A stock that pays no dividends has a price of $50.The rate of interest is 10%.The one-month maturity,60-strike American put is optimally exercised.What can you infer about the insurance value of the option at the time of exercise?


A) The minimum insurance value is $0.62
B) The minimum insurance value is $0.50
C) The maximum insurance value is $0.41
D) The maximum insurance value is $10

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