46. Smiley faces - put option.

46. Smiley faces - put option. - S 1< E S 1 ≥ E...

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PUT OPTION: IT IS EXERCISED ONLY WHEN S 1 < E PRICE OF THE STOCK AT EXPIRATION DATE
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Unformatted text preview: S 1 < E S 1 ≥ E WRITER (SELLER) HOLDER (BUYER)...
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