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Put-Call Parity for Dividend-Paying Stock A stock index is currently 28,630, and it provides continuous dividends with 2% dividend yield. 1-year European call option on

Put-Call Parity for Dividend-Paying Stock A stock index is currently 28,630, and it provides continuous dividends with 2% dividend yield. 1-year European call option on the index with the strike price of 28,600 sells for $20. The risk-free rate is 1% per annum. If there is no arbitrage, what should be the price of 1-year European put option with the same strike price?

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