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6. A European put option on AIG stock has a strike price of $40 and expires in 0.9 years. AIG stock has a current market

6. A European put option on AIG stock has a strike price of $40 and expires in 0.9 years. AIG stock has a current market price of $35.76 and the risk-free rate is 2%.

What must be the minimum price of the option?

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