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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $94 and has an annual standard deviation of 49 percent. The risk-free rate is

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The stock of Lead Zeppelin, a metal manufacturer, currently sells for $94 and has an annual standard deviation of 49 percent. The risk-free rate is 6.8 percent. What is the value of a put option with a strike price of $98 and 61 days to expiration? (Round your answer to 2 decimal places. Omit the "\$" sign in your response.)

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