Suppose that the current market price of a stock is MP = $10.00 per share. Current market premiums for a put options with strike price SP = $11.00 is P = $1.00 per share. Current risk-free interest rate r = 5%. Assume that the time to expiration T = 1 year. What would be the fair premium (C*) for the Call option on the stock with strike price SP=$11.00 per share? (Please, enter only the numeric value - no letters or characters)

Payoff at Maturity (make offsetting transactions) Position If MPT SP Call Call Synthetic Put a share of the Stock a bond with FV=SP Net payoff