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Consider a European put option with the following features: stock price=$52, exercise price=$60, risk-free rate=6% per year, compounded continuously, maturity=3 months, and standard deviation of

Consider a European put option with the following features: stock price=$52, exercise price=$60, risk-free rate=6% per year, compounded continuously, maturity=3 months, and standard deviation of the stock return=54% per year. What is the price of this put option?

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