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(C) A stock with spot price S is expected to pay a dividend of Din tyears. European call and put options on the stock with

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(C) A stock with spot price S is expected to pay a dividend of Din tyears. European call and put options on the stock with exercise price X and maturity T>t are trading at prices c and p, respectively. The continuously compounded risk-free rate is r. i. Show that the following put-call parity relationship holds: c+ Xe-T + De-xt = "+S (6 marks)

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