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For European options on a stock, Given: The stock price is 43. The continuous dividend rate of the stock is 0.02. The strike price for

For European options on a stock, Given:

  • The stock price is 43.

  • The continuous dividend rate of the stock is 0.02.

  • The strike price for each option is 46.

  • The continuously compounded risk-free interest rate is 0.04.

  • The price of a call option on the stock is 2.

  • The price of a put option with the same time to expiry as the call option is 2.30.

    Determine the time to expiry for these options.

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