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What is the value of a six-month European put on oil futures with a strike price of $62? The futures price is currently $60 per

What is the value of a six-month Europeanputon oilfutureswith a strike price of $62? The futures price is currently $60 per barrel, its volatility is 30% p.a., and the risk-free interest rate is 5% p.a.Assume that each option is for 1,000 barrels of oil.

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