Question: Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96 per share. Thus, Norice purchases a put option on

Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96 per share. Thus, Norice purchases a put option on Sisco stock with an exercise price of $93 for a premium of $3 per share. The maximum market price at which Norice should exercise the put option is $________ per share. a. 93 b. 94 c. 96 d. 99 e. None of these choices are correct.

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