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Use the Black-Scholes formulas to determine the value of a European put option. The following information is given: Current stock priceS0 $80.00 Strike priceX $65.00

Use the Black-Scholes formulas to determine the value of a European put option. The following information is given:

Current stock priceS0 $80.00 Strike priceX $65.00 Annual risk-free rater 6% Time to expiration in years T 3 years Annualized standard deviation 30%

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