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The stock price of Bravo Corp. is currently $ 1 0 0 . The stock price a year from now will be either $ 1

The stock price of Bravo Corp. is currently $100. The stock price a year from now will be either $160 or $60 with equal probabilities. The interest rate at which investors invest in riskless assets at is 6%. Using the binomial option pricing model, a put option with an exercise price of $135 and an expiration date one year from now. The value of the put option should be worth $_____ today.

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