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(8 points) Calculate the value of a five-month European put futures option when the futures price is $19, the strike price is $20, the risk-free

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(8 points) Calculate the value of a five-month European put futures option when the futures price is $19, the strike price is $20, the risk-free interest rate is 10% per annum, and the volatility of the futures price is 25% per annum

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