Question: 4. Produce a graph comparing a put's intrinsic value [max (X - S, 0)] ad its Black-Scholes price. From this graph you should be able

4. Produce a graph comparing a put's intrinsic value [max (X - S, 0)] ad its Black-Scholes price. From this graph you should be able to deduce that it may be optimal to exercise early a put priced by the Black-Scholes formula.

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