Question: . A put option exists on $/. The exercise price is $1.10. Right now the put option can be purchased for $0,01. $/ is currently

. A put option exists on $/. The exercise price is $1.10. Right now the put option can be purchased for $0,01. $/ is currently selling for $1.12. What is the "intrinsic value" of the put option Explain the payoff. with graph

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