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Problem 20-20 Put-call parity In April 2017, Facebook's stock price was about $164. An eight-month call on the stock, with an exercise price of $164,

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Problem 20-20 Put-call parity In April 2017, Facebook's stock price was about $164. An eight-month call on the stock, with an exercise price of $164, sold for $29.18. The risk-free Interest rate was 1% a year. How much would you be willing to pay for a put on Facebook stock with the same maturity and exercise price? Assume that the Facebook options are European options. (Note: Facebook does not pay a dividend.) (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of put option

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