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3. The price of a non-dividend-paying stock is $49 and the price of a 6-month European call option on the stock with a strike price
3. The price of a non-dividend-paying stock is $49 and the price of a 6-month European call option on the stock with a strike price of $52 is $4.38. The risk-free rate is 3.5% per annum. Use put-call parity to find the price of a 6-month European put option with a strike price of $52. Please show your work.
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