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6. A stock price is currently $50. Over each of the next two three-month periods it is expected to go up by 6% or down

6. A stock price is currently $50. Over each of the next two three-month periods it is expected to go up by 6% or down by 5%. The risk-free interest rate is 5% per annum with continuous compounding Strike price is $51. What is the value of this six-month American put option? Please keep 2 decimal places for your answer in this

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