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European put options are written on the stock of a bankrupt company. That is , the stock price is $ 0 per share. What is

European put options are written on the stock of a bankrupt company. That

,

the stock price is $

0

per share. What is the price of a put option that

has strike price $

92

and expires

2

years from now? The annual continuously

compounded interest rate is

21 % .

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