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An American call option on a stock has a strike price of 8 5 and expires in 5 months. You are given: ( i )

An American call option on a stock has a strike price of 85 and expires in 5 months. You are given:
(i) The risk free rate is 4%,
(it) A dividend of 1.50 is payable at the end of today, and another dividend of 1.50 is payable in 3 months.
(iii) The current price of the stock is 100.
(iv) A kuropean put opion with a strike price of 85 whch expires in 3 inonths costs 0.82.
Could it be rational to exercise the option immediately, before the dividend is paid?
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