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A stock with an annual standard deviation of 17 percent currently sells for $67. The risk-free rate is 2.5 percent. What is the value of

A stock with an annual standard deviation of 17 percent currently sells for $67. The risk-free rate is 2.5 percent. What is the value of a put option with a strike price of $70 and 88 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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