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IBM stock currently sells for 92 dollars per share. The implled volatility equals 42.5 percent. The risk-free rate of interest is 3.5 percent continuously compounded.

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IBM stock currently sells for 92 dollars per share. The implled volatility equals 42.5 percent. The risk-free rate of interest is 3.5 percent continuously compounded. What is the value of a put option with strike price 89 and maturity of 3 months? 6.1968 7.6844 10.583 5.7968 9.5721

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