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

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Problem 20-19 Put-call parity It is possible to buy three-month call options and three-month puts on stock Q. Both options have an exercise price of $74 and both are worth $24. If the interest rate is 6.25% a year, what is the stock price? (Hint: Use put-call parity.) (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $ 77.00

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