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Question 13 This is a two state option pricing question. The riskfree rate is zero. Current stock price is 96 . The up state stock

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Question 13

This is a two state option pricing question. The riskfree rate is zero. Current stock price is 96 . The up state stock price is 117 , down state 78. A put option on this stock has a time 0 price of 7 . Then the strike price of the put is (keep 2 decimal places)

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