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A day trader buys an option on a stock that will return $150 profit if the stock goes up today and lose $700 if it

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A day trader buys an option on a stock that will return $150 profit if the stock goes up today and lose $700 if it goes down. If the trader thinks there is a 70% chance that the stock will go up, find the standard deviation of the day trader's option value. The standard deviation of the day trader's option is s (Round to two decimal places as needed.)

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