An at-the-money put option with an expiration of one year has one share of WholefoodsInc. as the underlying asset. The option is bought today. The strike price is $12. In oneyear, the stock price will be either $13 or $11. What is the price of the put option today?Assume a risk-free rate of 5% per-year.

Answer rating: 100% (QA)

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