The current price of a non-dividend-paying stock is $40. Over the next year it is...
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Finance
The current price of a non-dividend-paying stock is $40. Over the next year it is expected to rise to $50 or fall to $35. An investor buys put options with a strike price of $44. What is the value of each option? The risk-free interest rate is 2% per annum with continuous compounding. Use 2 decimal places
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