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The current stock price for ABC is $95. Assume that the stock price for ABC in one year will either go up to $135 or

The current stock price for ABC is $95. Assume that the stock price for ABC in one year will either go up to $135 or go down to $80. The one-year risk-free rate is 2%.

Assume that ABC does not pay dividends. Based on the binomial pricing model, the price for a one-year put option (the option has one-year maturity from today) on ABC with a strike price of $95 is closest to:

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