Stock price = $85 Exercise price ...
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Accounting
| Stock price | = | $85 |
| Exercise price | = | $80 |
| Risk-free rate | = | 3.80% per year, compounded continuously |
| Maturity | = | 5 months |
| Standard deviation | = | 55% per year |
Find the put price of the option. Round your Z scores to 2 decimal spaces and provide an answer accurate to the nearest cent without the $ sign.
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