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A stock is currently selling for $24.21. A 4-month call option with a strike price of $25.00 has an option premium of $2.45. The risk-free
A stock is currently selling for $24.21. A 4-month call option with a strike price of $25.00 has an option premium of $2.45. The risk-free rate is 2.8 percent and the market rate is 6.1 percent. What is the option premium on a 4-month put with a $25.00 strike price? Assume the options are European style. Round your final answer to two decimal places (Ex. $0.00)
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