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Last Thursday, the stock price of Sterling Glass was about $145. An eight-month call on the stock, with an exercise price of $145, sold for
Last Thursday, the stock price of Sterling Glass was about $145. An eight-month call on the stock, with an exercise price of $145, sold for $10.18. The risk-free interest rate was 1% a year. Sterling Glass does not pay dividends. How much would you be willing to pay for a put on Sterling Glass stock with the same maturity and exercise price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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