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A stock price is currently 20. It is known that at the end of three months it will be either 25 or 15. The Tisk-free

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A stock price is currently 20. It is known that at the end of three months it will be either 25 or 15. The Tisk-free rate of interest with quarterly compounding is 10% per annum. Calculate the value of a three-month European put option on the stock with an exercise price of 20. Select one: a. 1.987

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