11. Marriot Corp. common stock is priced at $45 per share. The company just paid its $0.75 quarterly dividend. Annual interest rates are 2.0%, continuously compounded. A $40.00 strike European call, maturing in 6 months, sells for $6.50. What is the price of a 6-month, $40.00 strike put option?

Question options:

	$2.18
	$2.59
	$3.41
	$1.10

1. Consider the following data for a European option: Expiration = 3 months; Stock price = $105; Exercise price = $80; Call option price = $30; Risk-free rate = 0.8% continuously compounded annual rate. The stock does not pay dividends. Using put-call parity, calculate the price of a put option having the same exercise price and expiration date.

Question options:

	$4.84
	$5.16
	$4.36
	$7.02