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A stock is currently priced at $45 and will move up...

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Accounting

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A stock is currently priced at $45 and will move up by a factor of 1.23 or down by a factor of .61 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 $54? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 3 Value of a put option $ 10.00

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