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Suppose you observe the following data for the stock of Daunt & Dervish Ltd Inc: Stock price, So = $70 Call price (9-month maturity, exercise

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Suppose you observe the following data for the stock of Daunt & Dervish Ltd Inc: Stock price, So = $70 Call price (9-month maturity, exercise price $75) - $6.50 Riskfree interest rate = 6% (continuously compounded) Daunt & Dervish has announced that it will not pay dividends over the next nine months. Use the Put-Call Parity relationship to compute the price of the 9-month put option with an exercise price of $75. Round your answer to two decimal points

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