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Required: You buy a share of stock, writ a one-year call option with X=$26, and buy a one-year put option with X=$26. Your net outlay

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Required: You buy a share of stock, writ a one-year call option with X=$26, and buy a one-year put option with X=$26. Your net outlay to establish the entire portfolio is $24.60. What is the payoff of your portfolio? What must be the risk-free interest rate? The stock pays no dlvidends. (Do not round intermediate calculations. Round "risk-free rate" to 2 decimal places.)

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