You are attempting to value a put option with an exercise price of $107 and one...
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You are attempting to value a put option with an exercise price of $107 and one year to expiration. The underlying stock pays no dividends, its current price is $107, and you believe it has a 50% chance of increasing to $123 and a 50% chance of decreasing to $91. The risk-free rate of interest is 12%. Calculate the value of a put option with exercise price $107. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Value of a put option You are attempting to value a put option with an exercise price of $107 and one year to expiration. The underlying stock pays no dividends, its current price is $107, and you believe it has a 50% chance of increasing to $123 and a 50% chance of decreasing to $91. The risk-free rate of interest is 12%. Calculate the value of a put option with exercise price $107. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Value of a put option
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