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You are attempting to value a put option with an exercise price of $100 and one year to expiration. The underlying stock pays no dividends,

You are attempting to value a put option with an exercise price of $100 and one year to expiration. The underlying stock pays no dividends, its current price is $100, and you believe it has a 50% chance of increasing to $120 and a 50% chance of decreasing to $80. The risk-free rate of interest is 10%. What is the value of the put?

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