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A stock pays a continuous dividends proportional to the price rate of . You are given that the stock price is 40 , the continuous

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A stock pays a continuous dividends proportional to the price rate of . You are given that the stock price is 40 , the continuous risk-free interest rate 4%, a 3 month European call option on the stock with strike price of 40 costs 4.10 and that a 3-month European put option on the stock with strike price of 40 costs 3.91. Determine the value of . [10]

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