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A call option with an exercise price of $50 and four months to expiration has a price of $4.30. The stock is currently priced at
A call option with an exercise price of $50 and four months to expiration has a price of $4.30. The stock is currently priced at $49.80, and the risk-free rate is 4 percent per year, compounded continuously. What is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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