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A 4-month European 60-strike call on stock X is selling for 8. The share price is 60. The continuously compounded interest rate is 5 percent.

A 4-month European 60-strike call on stock X is selling for 8. The share price is 60. The continuously compounded interest rate is 5 percent.

Assume that the stock does not pay the dividend. Compute the price of the put option with the same strike and maturity.

What can be said of the American call and American put of the same strike and maturity ?

Give an inequality for premium of the European call option with strike 40

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