An asset has a current spot price of $1000. This asset can increase in value by 28% or decrease in value by 12%. How much should a Put (strike =1100 ) sell for if the current discount rate is 8% ? [Note: your answer should have at least two decimal places] An asset has a current spot price of $1000. This asset can increase in value by 28% or decrease in value by 12%. How much should a Put (strike =1100 ) sell for if the current discount rate is 8% ? [Note: your answer should have at least two decimal places] 
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