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The spot price of a non-dividend paying stock is currently $80 and the annualized standard deviation of its returns is 25%. If the continuously compounded

The spot price of a non-dividend paying stock is currently $80 and the annualized standard deviation of its returns is 25%. If the continuously compounded annual risk-free rate is 5% per year across all maturities, what should be the price of a seven-month European put option with a strike price of $85 according to the Black-Scholes option pricing model?

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