What is the exercise value of the option

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Reference no: EM13305491

A 6-month put option on Makler Corp.'s stock has a strike price of $47.50 and sells in the market for $8.90. Makler's current stock price is $41.00. What is the exercise value of the option?

a)$6.10
b)$7.30
c)$6.50
d)$6.05
e)$6.45

Reference no: EM13305491

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