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hello, please help with an excel calculation. thank you! IBM stock currently sells for 28 dollars per share. Over 11 months the price will either

hello, please help with an excel calculation. thank you!

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IBM stock currently sells for 28 dollars per share. Over 11 months the price will either go by 16.0 percent or down by -7.0 percent. The risk-free rate of interest is 9.0 percent continuously compounded. What is the value of a put option with strike price 29 and maturity 11 months? Answer: 0.87695

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