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d) Calculate using Black-Scholes-Merton model, the price of a 6-month European put option on a non-dividend-paying stock with a strike price of $70 when the

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d) Calculate using Black-Scholes-Merton model, the price of a 6-month European put option on a non-dividend-paying stock with a strike price of $70 when the current stock price is $69, the risk free interest rate is 5% per annum, and the volatility is 35% per annum. Page 1 of 4

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