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one year. What is the value of ECB's option to buy the technology for $10 million? . ECB is considering another strategy: Buy the technology

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one year. What is the value of ECB's option to buy the technology for $10 million? . ECB is considering another strategy: Buy the technology today from Milton Inc., and also buy an option to sell the technology back to Milton Inc. for $10 million in one year. The option to sell back to Milton Inc. expires in one year. Use the put-call parity relationship to specify the value of the option to sell the technology back to Milton Inc

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