What is the value of a european put option with a strike


A stock with an annual standard deviation of 11 percent currently sells for $61. The risk-free rate is 3.1 percent. What is the value of a European put option with a strike price of $70 and 100 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Value of a European put option $ _________

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Financial Management: What is the value of a european put option with a strike
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