Question: A stock with a current price $58 has a put option available with a strike price of $60. The stock will move up 1.13 or

A stock with a current price $58 has a put option available with a strike price of $60. The stock will move up 1.13 or down .88 over the next period and the risk-free rate is 3 percent. What is the price of the put option?

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