The common stock of Triangular File Company is selling at $103. A 13-week call option written on Triangular Files stock is selling for $21. The calls exercise price is $113. The risk-free interest rate is 7% per year. a. Suppose that puts on Triangular stock are not traded, but you want to buy one. Which combination will produce the same results?

• Buy call, invest PV(EX), sell stock short

• Sell call, invest PV(EX), sell stock short

• Buy call, lend PV(EX), buy stock

• Sell call, lend PV(EX), buy stock

b. Suppose that puts are traded. What should a 13-week put with an exercise price of $113 sell for? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Put Option Price: