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Non-dividend paying stock XYZ is trading at $20. The continuously compounded risk free rate is 2%. The minimum price of a four-month American put option

Non-dividend paying stock XYZ is trading at $20. The continuously compounded risk free rate is 2%. The minimum price of a four-month American put option at strike $22 is:

Group of answer choices

$1.89

$2.00

$1.27

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