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A binary option pays off $100 if a non-dividend-paying stock price is greater than its current value in three months.The risk-free rate is 3% and the volatility is 40%.Which of the following is its value?
Transorbital Lobotomy
A form of lobotomy introduced in the 1940s that involves severing connections in the brain's prefrontal lobe, through the eye sockets, to treat mental illnesses.
Brain Tissue
The soft, complex substance that makes up the brain, comprising neurons and supportive cells.
Social Breakdown Syndrome
A theory that attributes mental illness to the breakdown of societal support and community structures, leading to isolation and dysfunctional behavior.
Institutional Deterioration
The process by which institutions decline in effectiveness, quality, or health, often due to mismanagement or neglect.
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