A stock that pays no dividend currently trades for $100.Assume the stock price has an up factor of 1.35 and a down factor of 0.74 over the next year, and the risk-free rate is 5.15%.Consider a call option with a strike price of $100 and one year to maturity. The price of a put option with a strike price of $100 is closest to:<\/p>
<\/p>
A.$12<\/p>
B.$12.10<\/p>
C.$12.50<\/p>", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290", "edition": "15th edition", "authors": "Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/253.jpg", "uri": "\/textbooks\/intermediate-accounting-15th-edition-253", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8648418660", "uri": "\/textbooks\/real-estate-is-for-suckers-buy-a-profitable-business-instead-using-other-people-s-money-revealed-insider-secrets-guru-s-don-t-want-you-to-know-1st-edition-979-8648418660-114824", "name": "Real Estate Is For Suckers Buy A Profitable Business Instead Using Other People S Money Revealed Insider Secrets Guru S Don T Want You To Know", "edition": "1st Edition" }, "question_posted": "2024-06-09 16:27:58", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/subquality-natural-gas-contains-an-intolerable-amount-of-nitrogen-impurity", "description": "Subquality natural gas contains an intolerable amount of nitrogen impurity. 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