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A call option on Jupiter Motors stock with an exercise price of $55 and one-year expiration is selling at $8. A put option on Jupiter
A call option on Jupiter Motors stock with an exercise price of $55 and one-year expiration is selling at $8. A put option on Jupiter stock with an exercise price of $55 and one-year expiration is selling at $6.5. If the risk-free rate is 10% and Jupiter pays no dividends, what should the stock price be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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