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A coupon bond with face value $100, pays out annual coupons of $19. The present value is 132. The yield is 30%. With a strike

A coupon bond with face value $100, pays out annual coupons of $19. The present value is 132. The yield is 30%. With a strike price of 134, what would be the present value of a put option on this bond with maturity in 18 months.

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