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14. The price of a non-dividend paying stock is $38 and the premium of a six-month European call option on the stock with a strike

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14. The price of a non-dividend paying stock is $38 and the premium of a six-month European call option on the stock with a strike price of $40 is $2. The risk-free rate is 2% per annum. The premium of a three-month European put option with a strike price of $40 is: A) $1.80 B) $2.00 C) $3.60 D) $4.00 E) Cannot be determined using the data provided

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