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A European put option has 12 months to expiry and a strike price of $20. The underlying stock has a current price of $22. The
A European put option has 12 months to expiry and a strike price of $20. The underlying stock has a current price of $22. The riskfree rate of interest is 4% per ennum. A European call option is written on the same stock. It also has a $20 strike price and 12 months to expiry. The call is priced at $4.09. The price of the put option is $ The intrinsic value of the put option is $ Enter an answer to 2 decimal places. Do not enter the dollar sign (S)
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