Question: Which is incorrect regarding a European put option premium? a. It cannot exceed the present value of its strike price b. It declines at a
Which is incorrect regarding a European put option premium?
| a. | It cannot exceed the present value of its strike price | |
| b. | It declines at a decreasing rate as the underlying price declines | |
| c. | It increases at an increasing rate as the underlying price declines | |
| d. | Its declines as the put nears expiration, all else equal |
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