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Suppose that a call option with a strike price of $45 expires in one year and has a current market price of $5.16. The market

Suppose that a call option with a strike price of $45 expires in one year and has a current market price of $5.16. The market price of the underlying stock is $46.21, and the risk-free rate is 1%. Use put-call parity to calculate the price of a put option on the same underlying stock with a strike of $45 and an expiration of one year.

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