In a specific wager, Pat is paid $5.00 if the price of ABC Corp is above $85.00. Currently, ABC Corp price is $75.00, ? = 0.25, r = 0.04, div = 0 and the wager lasts 6 months. Pat is paid one share of ABC Corp stock if the price is below $85.00
What is the value of her wager?
A) $21.80
B) $22.80
C) $23.80
D) $24.80
B
Business
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