Question 21 4 pts Consider a put option selling for $5 that has an exercise price of $90. If the price of the underlying at expiration is $89, the payoff to the put holder at expiration is $1 -$1 -$4 -55 Question 22 4 pts Consider the liquidity preference theory of the term structure of interest rates. On average, one would expect investors to require O a higher yield on short term bonds than on long-term bonds a higher yield on long-term bonds than on short term bonds the same yield on both short-term bonds and long-term bonds none of these options