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(10pts) Find the expected gain (or loss) for a holder of a European put option with strike price $65 to be exercised in 10 months
(10pts) Find the expected gain (or loss) for a holder of a European put option with strike price $65 to be exercised in 10 months if the stock price on the exercise date may turn out to be $58,$61, or $72 with probability 41,41, and 21, respectively, given that the option is bought for $5.9, financed by a loan at 7% compounded continuously
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