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Price an option with the following information: Option American style put Time to expiration 7 months Strike price $135 Underlying stock price $120 Volatility of

Price an option with the following information:

Option American style put
Time to expiration 7 months
Strike price $135
Underlying stock price $120
Volatility of stock 30%
Risk-free rate (per annum) 6%
Pricing method 10-step binomial option pricing model

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$17.65

$18.40

$14.55

$15.36

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