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The current price of a stock is $ 5 0 , and the annual risk - free rate is 4 % . A call option

The current price of a stock is $50, and the annual risk-free rate is 4%. A call option with a stick price of $45 and with 1-year until expiration has a current value of $7. Using put-call parity, 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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