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The current stock price of Dream Acoustics is $48, the annual risk-free rate is 4%, and a 1-year call option with a strike price of
The current stock price of Dream Acoustics is $48, the annual risk-free rate is 4%, and a 1-year call option with a strike price of $59 sells for $8.5. What is the value of a put option on Dream Acoustics, assuming the same strike price and expiration date?
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