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Question 6 1 pts Consider a non-dividend paying stock that trades today for 108. The risk-free rate is 7.0% per year and the volatility of

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Question 6 1 pts Consider a non-dividend paying stock that trades today for 108. The risk-free rate is 7.0% per year and the volatility of the stock is 69% per year. Compute the price of a cash-or-nothing option that pays $100 if the stock price is above $107 in a year from now, and zero otherwise. Express your answer with two decimals

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