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3. Freeman buys a stock for $30 and at the same time a 3-month at-the-money put option for $2.15. The riskfree rate is 6% convertible

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3. Freeman buys a stock for $30 and at the same time a 3-month at-the-money put option for $2.15. The riskfree rate is 6% convertible semiannually. Calculate the spot price at expiration for which Freeman's profit is 0

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