Identify any profit opportunities that may exist treat, Risk Management

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Identify any profit opportunities that may exist treat

Compute the intrinsic values, time values, and lower bounds of the following puts. Identify any profit opportunities that may exist. Treat these as American options for purposes of determining the intrinsic values and time values and as European options for the purpose of determining the lower bounds.

a. July 165

b. August 160

c. October 170

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