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You are evaluating a put option on F with a strike price of $ 4 4 8 . If F is able to develop a
You are evaluating a put option on with a strike price of $
If is able to develop a new technology, the price per share will go up to $ Otherwise, the price will go down to $ Let's assume that these are the only two possible scenarios. F shares today are trading at $ You know that the riskfree rate is
What is the price of this put option?
Please round your answer to the nearest three decimals ie Please do not type the $ symbol.
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