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A stock is valued at $25.80 a share. A European 3-month call option has a strike price of $25 and an option premium of $1.40.

A stock is valued at $25.80 a share. A European 3-month call option has a strike price of $25 and an option premium of $1.40. The market rate is 9.5% and the risk-free rate is 3.25%. What is the price of a European 3-month put option with a $25 strike price? Multiple Choice

$.09

$1.61

$.40

$1.48

$0

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