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A stock with a current price of $59 has a put option available with a strike price of $56. The stock will move up by

A stock with a current price of $59 has a put option available with a strike price of $56. The stock will move up by a factor of 1.23 or down by a factor of .89 over the next period and the risk-free rate is 3 percent. What is the price of the put option?

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