Albert has accepted a wager to receive $5.00 if the price of Will Co.is above $35.00 per share.This right only exists if Will Co.drops below $33.00 sometime over the coming 100 days.Currently,Will Co.stock price is $38.24,r = 0.05,σ = 0.33,and div = 0.What is the value of Albert's position?

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The Answer of Albert has accepted a wager to receive $5.00 if the price of Will Co.is above $35.00 per share.This right only exists if Will Co.drops below $33.00 sometime over the coming 100 days.Currently,Will Co.stock price is $38.24,r = 0.05,σ = 0.33,and div = 0.What is the value of Albert's position?

Albert Has Accepted a Wager to Receive $5