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Problem 16-8 Black-Scholes Model (LO2, CFA2) A stock with an annual standard deviation of 25 percent currently sells for $75. The risk-free rate is 3.8

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Problem 16-8 Black-Scholes Model (LO2, CFA2) A stock with an annual standard deviation of 25 percent currently sells for $75. The risk-free rate is 3.8 percent what is the value of a put option with a strike price of $80 and 76 days to expiration? (Use 365 days in a year, Do not round intermediate caiculations. Round your answer to 2 decimal places.)

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