Principles of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
12th Edition
ISBN: 9781259144387
Author: Richard A Brealey, Stewart C Myers, Franklin Allen
Publisher: McGraw-Hill Education
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Chapter 23, Problem 3PS
Summary Introduction
To determine: The exercise price and type of option.
A put option is a type of derivatives contract in which the owner will get a right, but not obligation to sell a specified quantity of an underlying asset at a determined price and a specific time.
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Principles of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
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