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4. Determine the risk-neutral value of a eight-month European put option to sell a FLB (First Local Bank) share for a price of R400 when

4. Determine the risk-neutral value of a eight-month European put option to sell a FLB (First Local Bank) share for a price of R400 when the current price is R420, the interest rate is 10%, and the volatility of the security is 0.28

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