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TFS is trading at $22.00. Wing Sze buys a 7 month European style put option struck at $24.00. The cc interest rate r = 6.500%

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TFS is trading at $22.00. Wing Sze buys a 7 month European style put option struck at $24.00. The cc interest rate r = 6.500% and the cc dividend rate d = 1.250%. The option costs $2.48. Find the Black-Scholes implied volatility. a. 26.0% O b. 30.0% O c. 27.0% O d. 28.0% e. 24.0%

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