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You conduct a research on the put option prices of stock ZYX. The current market risk-free rate is 3%, and the annualized volatility of ZYX

You conduct a research on the put option prices of stock ZYX. The current market risk-free rate is 3%, and the annualized volatility of ZYX is 25%. You are interested in buying a put option on ZYX with an exercise price of 50 that expires 48 months from now. Assume that ZYX does not pay any dividends. Draw a graph depicting the value of the put option as a function of the stock price.

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