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A stock pays no dividend and is selling for $53 per share. Three-month American call options on the stock with a strike price of $50
A stock pays no dividend and is selling for $53 per share. Three-month American call options on the stock with a strike price of $50 are priced at $6.50. The risk-free interest rate is 2% per annum with continuous compounding. Based on the information, the price of three-month American put options on the stock with a strike price of $50 should be
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