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7. A call option with an exercise price of $30 has a price of $4. The underlying stock price is $28, the risk-free rate of

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7. A call option with an exercise price of $30 has a price of $4. The underlying stock price is $28, the risk-free rate of interest is 3%, and there are three months until expiration of the call. Use put- call parity to find the value of a three-month put option on the same stock with an exercise price of $30. a. $3.18 b. $4.00 c. $5.00 d. $5.78

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