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Each share of Tesla Motors, Inc. (TSLA) is currently trading at $100. If the risk-free rate is 5% and the expected volatility of TSLA is

Each share of Tesla Motors, Inc. (TSLA) is currently trading at $100. If the risk-free rate is 5% and the expected volatility of TSLA is 30%, what is the Black-Scholes-Merton price of a european put option on TSLA with two years until expiration and a strike price of $120? Show all intermediate steps.

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