A stock with an annual standard deviation of 26 percent


A stock with an annual standard deviation of 26 percent currently sells for $76. The risk-free rate is 3.9 percent. What is the value of a European put option with a strike price of $80 and 78 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Value of a European put option $   

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Financial Management: A stock with an annual standard deviation of 26 percent
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