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#10 Put-Call Parity The current price of a stock is $34, and the annual risk-free rate is 4%. A call option with a strike price

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Put-Call Parity The current price of a stock is $34, and the annual risk-free rate is 4%. A call option with a strike price of $32 and 1 year until expiration has a current value of $7.50. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Round your answer to the nearest cent.

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