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0.4 A stock is currently selling for $32 a share. A put option on the stock is available for $1.11 with a strike price of

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0.4 A stock is currently selling for $32 a share. A put option on the stock is available for $1.11 with a strike price of $30 and three months to maturity. The annual risk-free rate is 4%. What is the price of a 3-month call option with the same strike and expiration based on put-call parity? Assume the options are European style. (4 points)

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