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A stock with an annual standard deviation of 13 percent currently sells for $63. The risk-free rate is 2.9 percent. What is the value of

image text in transcribed A stock with an annual standard deviation of 13 percent currently sells for $63. The risk-free rate is 2.9 percent. What is the value of a put option with a strike price of $70 and 96 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of a put option

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