Answer to #17 is $5.14

Question 17 (1 point) What is the price of a Dexitrim put with six months until maturity and an exercise price of $60. Dex is currently priced at $63 and it's standard deviation is 25%. The risk free rate is 3.0% Concerning problem 17 above, The S&P Index closes at $2,534 on Day 4. The owner of the contract decides to close out her position. What is the holding period return, HPR, on the S&P 500 Index contract?. 1) 23.27% 2) 9.09% 3) 4.11% 4) 6.85% Question 17 (1 point) What is the price of a Dexitrim put with six months until maturity and an exercise price of $60. Dex is currently priced at $63 and it's standard deviation is 25%. The risk free rate is 3.0% Concerning problem 17 above, The S&P Index closes at $2,534 on Day 4. The owner of the contract decides to close out her position. What is the holding period return, HPR, on the S&P 500 Index contract?. 1) 23.27% 2) 9.09% 3) 4.11% 4) 6.85%