On September 25, 2000, JDS Uniphase stock sold for $106.81 per share. On the same day, a

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On September 25, 2000, JDS Uniphase stock sold for $106.81 per share. On the same day, a $100 European put expiring on January 20, 2001 sold for $11.875. Compute an implied volatility for JDS Uniphase stock based on this information. Use a T-bill rate of 5 percent.

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