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Problem 20-19 Putcall parity It is possible to buy three-month call options and three-month puts on stock Q. Both options have an exercise price of

Problem 20-19 Putcall parity

It is possible to buy three-month call options and three-month puts on stock Q. Both options have an exercise price of $62 and both are worth $12. If the interest rate is 5.35% a year, what is the stock price? (Hint: Use putcall parity.) (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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