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A stock price is currently $64. Over each of the next two 2-month periods it will go up by 12% or down by 15%. The
A stock price is currently $64. Over each of the next two 2-month periods it will go up by 12% or down by 15%. The risk-free interest rate is 8% per annum with continuous compounding. What is the value of a 4-month European put option with a strike-price of $68?
put option price is ?
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