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Use the Black-Scholes-Merton model to value a European put option on the spot price of a share when the strike price is $30, and the

Use the Black-Scholes-Merton model to value a European put option on the spot price of a

share when the strike price is $30, and the expiration is in 6 months. The current price of share

is $25. The risk-free rate is 6% per annum and the volatility is 20%. Use normal distribution

tables at the end of the textbook to calculate the final put price

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