Question: Stock price = $ 8 5 Exercise price = $ 8 0 Risk - free rate = 3 . 8 0 % per year, compounded

Stock price
=
$85
Exercise price
=
$80
Risk-free rate
=
3.80% per year, compounded continuously
Maturity
=
5 months
Standard deviation
=
55% per year
Find the put price of the option by using the Table provided to you in class (or at the back of your textbook). Round your Z scores to 2 decimal spaces and provide an answer accurate to the nearest cent without the $ sign.

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