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5. Stock TB 12 is currently trading at $43. The annual variance of stock return is 0.2, the annual effective risk-free rate is 2%, and

5. Stock TB 12 is currently trading at $43. The annual variance of stock return is 0.2, the annual effective risk-free rate is 2%, and the exercise price of a 6-year put option is 46. The put price is: A. 18.55 B. 16.34 C.18.34 D. 16.55

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