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

IBM stock currently sells for 92 dollars per share. The implied volatility equals 42.5. 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 3 months?

7.68

12.47

5.79

9.82

9.57

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