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On January 1, stock GWIZ costs $24.35, and the continuous risk-free rate is 4.125%. Stock GWIZ pays dividends of $5 per share every February 1

On January 1, stock GWIZ costs $24.35, and the continuous risk-free rate is 4.125%. Stock GWIZ pays dividends of $5 per share every February 1 and has annualized volatility of 24.35%. Use the Black-Scholes model to price a two-month European put on GWIZ with strike price $24.00.

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