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Problem 16-3 A call option on Jupiter Motors stock with an exercise price of $65 and one-year expiration is selling at $7. A put option

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Problem 16-3 A call option on Jupiter Motors stock with an exercise price of $65 and one-year expiration is selling at $7. A put option on Jupiter stock with an exercise price of $65 and one-year expiration is selling at $6.5. If the risk-free rate is 9% and Jupiter pays no dividends, what should the stock price be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $

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