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The current price of a stock is $52.00 and the annual effective risk-free rate is 2.1 percent. A call option with an exercise price of
The current price of a stock is $52.00 and the annual effective risk-free rate is 2.1 percent. A call option with an exercise price of $55 and one year until expiration has a current value of $3.60. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Show your answer to the nearest .01. Do not use \$ or, in your answer. Because of the limitations of random numbers, some of the options may be trading below their intrinsic value or even less than 0 . Hint, to find the present value of the bond, you do not need to make the e x adjustment, simpladiscount at the risk free rate. Your
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