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The current price of APT stock is $50. In the next two years the stock price will either go up by 20% per year or

The current price of APT stock is $50. In the next two years the stock price will either go up by 20% per year or go down by 20% per year. A two-year European put option on APT stock is issued at the money. Assume the risk free interest rate is 5% p.a. The price of the put option is closet to?

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