A stock is currently priced at \\( \\$ 49 \\) and will move up by...
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Accounting
A stock is currently priced at \\( \\$ 49 \\) and will move up by a factor of 1.48 or down by a factor of 88 each period over each of the next two periods. The risk-free rate of interest is 3 percent. What is the value of a put option with a strike price of \\( \\$ 69 \\) ? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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