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The common stock of Triangular File Company is selling at $90. A 26-week call option written on Triangular Files stock is selling for $8. The
The common stock of Triangular File Company is selling at $90. A 26-week call option written on Triangular Files stock is selling for $8. The calls exercise price is $100. The risk-free interest rate is 10% per year.
Suppose that puts are traded. What should a 26-week put with an exercise price of $100 sell for?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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