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What is the price of a put option with the following characteristics? Stock price = $76 Exercise price = $75 Risk-free rate = 4.70% per

What is the price of a put option with the following characteristics?

Stock price = $76

Exercise price = $75

Risk-free rate = 4.70% per year, compounded continuously

Maturity = 4 months

Standard deviation = 65% per year

Round your answer to the nearest cent.

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