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14-12-2022
Business

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Suppose the price of a share of IBM stock is $100. A put option on IBM stock has a premium of $3 and an exercise price of S100. Ignoring commissions, the holder of the put option will earn a profit if the price of the share a. increases to $103. b. decreases to $97 c. increases to $110. d. decreases to $90 e. None of these is correct

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