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Question
A stock has a spot price of $55. Its May options are about to expire. One of its puts is worth $5 and one of its calls is worth $10. The exercise price of the put must be ______________ and the exercise price of the call must be ________________.
A. $50; $45
B. $55; $55
C. $60; $45
D. $60; $50
E. One cannot tell from the information given.
Answer
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