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Use the Black - Scholes formula for the following stock: Time to expiration 6 months Standard deviation 5 5 % per year Exercise price $

Use the Black-Scholes formula for the following stock:
Time to expiration 6 months
Standard deviation 55% per year
Exercise price $51
Stock price $49
Annual interest rate 5%
Dividend 0
Calculate the value of a put option.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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