Smith Enterprises stock currently sells for $17.50.A put option on the stock has a strike price of $20 and currently sells at $4.50.What is the intrinsic value of the option?
A) $0
B) $2.50
C) $2.00
D) $4.50
Correct Answer:
Verified
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Q10: Smith Enterprises stock currently sells for $17.50.A
Q11: Smith Enterprises stock currently sells for $17.50.A
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