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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

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. Round your Z scores to 2 decimal spaces and provide an answer accurate to the nearest cent without the $ sign.

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