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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $80 and has an annual standard deviation of 35 percent. The risk-free rate is
The stock of Lead Zeppelin, a metal manufacturer, currently sells for $80 and has an annual standard deviation of 35 percent. The risk-free rate is 4 percent. What is the value of a put option with a strike price of $84 and 35 days to expiration? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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