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3) (10 pts) A stock's price follows geometric Brownian motion with p = 15% and o = 30%. The current price is $38. What is

3) (10 pts) A stock's price follows geometric Brownian motion with p = 15% and o = 30%. The current price is $38. What is the probability that a European put option with a strike price of $35 and six-months to expiry will be exercised

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