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Use Blacks model to value a European put option on the spot price of a commodity when the strike price is $30 and the expiration
Use Blacks model to value a European put option on the spot price of a commodity when the strike price is $30 and the expiration is in 12 months. The current futures price of commodity for a contract lasting 12 months is $35. The risk free rate is 5% per annum and the volatility is 25%
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