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Suppose Big Electronics stock price is currently $70. A six-month European call option on the stock with exercise price of $70 is selling for $6.41.

Suppose Big Electronics stock price is currently $70. A six-month European call option on the stock with exercise price of $70 is selling for $6.41. The risk free interest rate is $7%. What is the six-month European put option on the same stock with exercise price of $70 if there is no arbitrage?[x] (sample answer: $5.40)

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