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The current price of a stock is $ 47.58 and the continuously compounded annual effective risk-free rate is 2.6 percent. A call option with an
The current price of a stock is $ 47.58 and the continuously compounded annual effective risk-free rate is 2.6 percent. A call option with an exercise price of $55 and one year until expiration has a current value of $ 1.21 . What is the value of a put option written on the stock with the same exercise price and expiration date as the call option?
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