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stock price= $85 exercise price = $80 Risk-free Rate = 3.80% per year, compounded continuously Maturity= 5 months Standard Deviation = 55% per year Find

stock price= $85

exercise price = $80

Risk-free Rate = 3.80% per year, compounded continuously

Maturity= 5 months

Standard Deviation = 55% per year

Find the put price of the option by using the Table provided to yo in class (or at the back of your textbook). Round your Z scores to 2 decimal spaces and provide an answer accurate to the nearest cent.

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