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Cisco stock is currently trading at $50. It expects to pay a dividend of $1 in exactly one month. If the volatility of Cisco is

Cisco stock is currently trading at $50. It expects to pay a dividend of $1 in exactly one month. If the volatility of Cisco is 30% and the risk-free rate is 3% (C.C.). What would be the price of a three months at the money European Straddle? (Note: A straddle is a long call and long put).

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