10. Consider a put option selling for $12 in which the exercise price is $115....
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10. Consider a put option selling for $12 in which the exercise price is $115. Determine the value at expiration and the profit for a buyer under the following outcomes: (5 points) a. The price of underlying asset is $95 b. The price of underlying asset is $105 c. The price of underlying asset is $120 d. Determine the breakeven price of the underlying at expiration.
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