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The current price of a non-dividend-paying stock is $50. Over the next year it is expected to rise to $55 or fall to $40. An

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The current price of a non-dividend-paying stock is $50. Over the next year it is expected to rise to $55 or fall to $40. An investor buys put options with a strike price of $52. What is the value of each option? The *.risk-free interest rate is 2% per annum with continuous compounding

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