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18.1. (CAS8-S03:18a] A four-month European call option with a strike price of 60 is selling for 5. The price of the underlying stock is 61,

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18.1. (CAS8-S03:18a] A four-month European call option with a strike price of 60 is selling for 5. The price of the underlying stock is 61, and the annual continuously compounded risk-free rate is 12% The stock pays no dividends Calculate the value of a four-month European put option with a strike price of 60

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