If the Stock Price Is 44,the Exercise Price Is 40,the

question 43

Multiple Choice

If the stock price is 44,the exercise price is 40,the put price is 1.54,and the Black-Scholes-Merton price using 0.28 as the volatility is 1.11,the implied volatility will be

• A)higher than 0.28
• B)lower than 0.28
• C)0.28
• D)lower than the risk-free rate
• E)none of the above

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