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A put option on a stock with a current price of $48 has an exercise price of $50. The price of the corresponding call option
A put option on a stock with a current price of $48 has an exercise price of $50. The price of the corresponding call option is $4.50. According to put-call parity, if the effective annual risk-free rate of interest is 6% and there are four months until expiration, what should be the value of the put?
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