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The current price of a stock is $25. A p...

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题目

The current price of a stock is $25. A put option with a $20 strike price that expires in six months is available. N(d1)=0.9737 and N(d2)=0.9651. If the underlying stock exhibits an annual standard deviation of 25%, and the current continuously compounded risk-free rate is 4.25%, the Black-Scholes-Merton value of the put is closest to:

选项

A.$0.01

B.$0.03

C.$0.33

D.$0.36

答案

B

解析

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