Ali/pine ar/e cur/re/ntly tr/adin/g f/or $100. A p/ut opt/ion wit/h a strik/e /of $95 whi/ch e/xpires in 3 months is als/o available. /alpine has a hist/orical stan/dard deviat/ion of 23.6% per year and the risk-free rate is 1% per year

1.Use the Bl/ack Scholes opt/ion pric/ing for/mula to fi/nd the /va/lue of the p/ut option. Use the sta/dard n/ormal cumula/tive den/sity function is value,is realistic or not. what caused the error.

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