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15. A binary option pays of $100 if a nondividendpaying stock price is greater than its current value in three months. The riskfree rate is

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15. A binary option pays of $100 if a nondividendpaying stock price is greater than its current value in three months. The riskfree rate is 3% and the volatility is 40%. Which of the following is its value? A. 99.25N(0.1375) B. 99.25N(0.1375) C. 99.25N(0.0625) D. 99.25N(0.0625)

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