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This is a two state option pricing question. The riskfree rate is zero. Current stock price is 9 4 . The up state stock price

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

Current stock price is

94 .

The up state stock price is

117,

down state

82 .

A put option on this stock has a time

0

price of

8 .

Then the strike price of the put is

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