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You are attempting to value a put option with an exercise price of $ 1 0 8 and one year to expiration. The underlying stock
You are attempting to value a put option with an exercise price of $ and one year to
expiration. The underlying stock pays no dividends, its current price is $ and you believe it
has a chance of increasing to $ and a chance of decreasing to $ The riskfree
rate of interest is Calculate the value of a put option with exercise price $
Note: Do not round intermediate calculations. Round your answer to decimal places.
Answer is complete but not entirely correct.
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