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A stock currently trades for $120 per share. Options on the stock are available with a strike price of $125. The options expire in 30

A stock currently trades for $120 per share. Options on the stock are available with a strike price of $125. The options expire in 30 days. The risk free rate is 3% over this time period, and the expected volatility is 0.35. Refer to Exhibit above. Calculate the price of the put option. A. $7.623 B. $8.623 C. $9.623 D. $10.623 E. None of the above

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