A 6-month put option on Smith Corp.'s stock has a strike price of $45 and sells in the market for $8.90. Smith's current stock price is $42. What is the option premium

It's a good move as it will allow Bud to experiment in a field where he can apply his knowledge in another way.

Explanation:

Bud as a teacher may have seen that he doesn't have as many opportunities for growth as he might have working in a private company. Perhaps he took into consideration how to apply his knowledge and the gains you would make.

Bud applying to the private sphere allows him to apply his knowledge in a different way and perhaps gives him the opportunity to grow more and achieve a greater position. Also making more money is another possibility.

It is important for Bud to experience this realm since in the private realm Bud can grow in other ways that his work as a teacher did not allow him.