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The price of a non$-$dividend paying stock is $$19$ and the price of a six$-$month European call option on the above stock with a strike price of $$26$ is $$2\mathrm{.}6.$ The risk$-$free rate is $4\mathrm{.}8\%$ per year with continuous compounding. What is the price of a European put option with the same strike price and maturity?

a$.$ $$9\mathrm{.}60$

b$.$ $$10\mathrm{.}88$

c$.$ $$10\mathrm{.}23$

d$.$ $$8\mathrm{.}98$

e$.$ $$25\mathrm{.}32$

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In this case, $K=$$$58$ ar Intrinsic Value $=n$

Now, compare the intrii Profit $=$ Intrinsic V Profit $=19-1\mathrm{.}83=$

So$,$ the minimum profit $2$

The correct answer is:

d$.$ $$17\mathrm{.}17$

c $\frac{2}{2}$