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This is a two state option pricing question. The riskfree rate is zero. Current stock price is 1 0 0 . The up state stock

This is a two state option pricing question. The riskfree rate is zero. Current stock price is

100 .

The up state stock price is

116,

down state

76 .

A put option on this stock has a time

0

price of

3 .

Then the strike price of the put is

(

keep

2

decimal places

) .

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