Question

On the second Friday of March, the market closing price of Independence & Co. stock is $100. Its March options are about to expire. One of its puts is worth $10 and one of its calls is worth $5. The exercise price of the put must be _____ and the exercise price of the call must be _____.
a. 110, 95
b. 105, 95
c. 90, 105
d. 105, 90

Answer

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