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Suppose that the current Bitcoin futures price is $ 6 0 , 0 0 0 , and the risk free rate is 5 % per
Suppose that the current Bitcoin futures price is $ and the risk free rate is per annum with continuous compounding What is the lower bound of the value of a sixmonth put option on one Bitcoin futures contract with a strike price of $Hint: assume each futures contract represents one unit of the underlying asset, and express your answer in dollar term to the nearest cent.
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