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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 F with a strike price of $448.
If F is able to develop a new technology, the price per share will go up to $644. Otherwise, the price will go down to $381. Let's assume that these are the only two possible scenarios. F shares today are trading at $536. You know that the risk-free rate is 5%.
What is the price of this put option?
Please round your answer to the nearest three decimals (i.e.5.44). Please do not type the $ symbol.
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