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5. (20 points) A put option has a strike price of $80 and a maturity of 8 months. This put option is written on a

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5. (20 points) A put option has a strike price of $80 and a maturity of 8 months. This put option is written on a non-dividend paying stock with a current stock price of $60 and an annual standard deviation of 30%. If the annual risk-free interest rate is 10%, calculate the price of this put option using Black-Scholes-Merton option-pricing model

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