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The price of a European call that expires in nine months and has a strike price of $31 is $2.5. The underlying stock price is

The price of a European call that expires in nine months and has a strike price of $31 is $2.5. The underlying stock price is $30, and a dividend of $0.70 is expected in three months. Risk-free interest rates for all maturities are 8%.

1.What is the price of a European put option that expires in nine months and has a strike price of $31?

2.What is the price of an American put option that expires in nine months and has a strike price of $31?

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