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Use the Black-Scholes formula for the following stock: Time to expiration 6 months Standard deviation 52% per year Exercise price $53 Stock price $51 Annual

Use the Black-Scholes formula for the following stock:

Time to expiration 6 months

Standard deviation 52% per year

Exercise price $53

Stock price $51

Annual interest rate 2%

Dividend 0

Calculate the value of a put option.

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