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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $71 and has an annual standard deviation of 52 percent. The risk- free rate

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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $71 and has an annual standard deviation of 52 percent. The risk- free rate is 5.8 percent. What is the value of a put option with a strike price of $75 and 48 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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