Question: Five months ago, Mr. White bought a put option on the stock of AIG with a strike price of k= $89. Today, the option expires

Five months ago, Mr. White bought a put option on the stock of AIG with a strike price of k= $89. Today, the option expires and the price of AIG is $83. What is the payoff of the option for Mr. White?

A) $ 0

B) $ 5

C) $ 6

D) $ 0

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