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Assuming the current stock price for Apple is $160, the expected continuously com- pounded annual growth rate for Apple is AAPL = 0.05, and

Assuming the current stock price for Apple is $160, the expected continuously com- pounded annual growth rate for Apple is AAPL = 0.05, and the volatility AAPL is such that AAPL 0.1, what is the probability that an at-the-money put option with four years to expiration finishes in the money? = Please express your answer in percentage, not decimal, and round your numerical answer to the nearest integer percentage.

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