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Problem 21-12 Use the Black-Scholes formula for the following stock: Time to expiration Standard deviation Exercise price Stock price Annual interest rate Dividend 6 months

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Problem 21-12 Use the Black-Scholes formula for the following stock: Time to expiration Standard deviation Exercise price Stock price Annual interest rate Dividend 6 months 54% per year $ 54 $52 Calculate the value of a put option. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of a put option

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