A put option and a call option with an exercise price of $60 and three months to

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A put option and a call option with an exercise price of $60 and three months to expiration sell for $3.87 and $4.89, respectively. If the risk-free rate is 2.7 percent per year, compounded continuously, what is the current stock price?

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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