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A stock with a current price of $32 will either move up to $40 or down to $30 over the next period. The risk-free rate

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A stock with a current price of $32 will either move up to $40 or down to $30 over the next period. The risk-free rate of interest is 4.5%. What is the value of a put option with a strike price of $35? $3.32 $3.51 $3.14 $3.42

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