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There is a European put option on a stock that expires in two months. The stock price is $ 7 4 and the standard deviation
There is a European put option on a stock that expires in two months. The stock price is $ and the standard deviation of the stock returns is percent. The option has a strike price of $ and the riskfree interest rate is an annual percentage rate of percent. What is the price of the put option today? Use a twostate model with onemonth steps. Do not round intermediate calculations and round your answer to decimal places, eg
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