A stock has a spot price of $35. Its May options are about to expire. One of its puts is worth $5 and one of its calls is worth $5. The exercise price of the put must be ___A__ and the exercise price of the call must be ___B__. (please show work for A & B)© BrainMass Inc. brainmass.com December 15, 2020, 10:47 pm ad1c9bdddf
This solution determines the steps to determine the exercise prices of call and put options in the given case.