A 6-month put option on Makler Corp.'s stock has a strike price of $50.00 and sells in the market for $8.50. Makler's current stock price is $39.00. What is the exercise value of the option? Do not round your intermediate calculations.

A. $8.36
B. $8.25
C. $12.32
D. $12.98
E. $11.00


Answer: E

Business

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