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On the market, the premium for a European call for GBP (British pounds) with expiration of 4 months and exercise price of $1.1 /GBP is
On the market, the premium for a European call for GBP (British pounds) with expiration of 4 months and exercise price of $1.1 /GBP is $16. The underlying value of the currency is $ 1.33 /GBP.
How much is the value of a put, using put-call parity, if the U.S. risk free rate is 1.5% and the British is 2.9%?
Provide your answer rounded to two decimals.
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