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A stock is currently selling for $21.00. A 3-month call option with a strike price of $20 has an option premium of $1.30. The risk-free

A stock is currently selling for $21.00. A 3-month call option with a strike price of $20 has an option premium of $1.30. The risk-free rate is 3 percent and the market rate is 8 percent. What is the option premium on a 3-month put with a $20 strike price? Assume the options are European style.

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