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explain the answer 8 points QUESTION 8 1. A put option that expires in x months with an exercise price of $55 sells for $7.

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8 points QUESTION 8 1. A put option that expires in x months with an exercise price of $55 sells for $7. The stock is currently priced at $50, and the risk-free rate is 3.5 percent per year, compounded continuously. If the price of a call option with the same exercise price and expiration date is 3.89, then calculate X. Show your steps. QUESTION 9

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