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The current trading price of DAL stock is $27.31, and its return volatility is 41%. The continuously compounding risk-free rate is 1%. Using the Black-Scholes

The current trading price of DAL stock is $27.31, and its return volatility is 41%. The continuously compounding risk-free rate is 1%.

Using the Black-Scholes pricing formula, price a DAL Put option with a strike price of $25 and an expiry in 185 days (in a 265 day year)

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