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This is a two state option pricing question. The riskfree rate is zero. Current stock price is 97. The up state stock price is 115,
This is a two state option pricing question. The riskfree rate is zero. Current stock price is 97. The up state stock price is 115, down state 78. A put option on this stock has a time 0 price of 4. Then the strike price of the put is _______ (keep 2 decimal places).
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