What is the option premium if stock has a strike price
A 6-month put option on Smith Corp.'s stock has a strike price of $45 and sells in the market for $8.90. Smith's current stock price is $41. What is the option premium?
a. $4.41
b. $4.90
c. $5.39
d. $5.93
e. $6.52
Now Priced at $5 (50% Discount)
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