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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $66 and has an annual standard deviation of 47 percent. The risk-free rate is

The stock of Lead Zeppelin, a metal manufacturer, currently sells for $66 and has an annual standard deviation of 47 percent. The risk-free rate is 4.8 percent. What is the value of a put option with a strike price of $70 and 35 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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