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The price of a European call that expires in six months and has a strike price of $32 is $2. The underlying stock price is

  1. The price of a European call that expires in six months and has a strike price of $32 is $2. The underlying stock price is $28.56. The term structure is flat, with all risk-free interest rates being 10 %. What is the price of a European put option that expires in six months and has a strike price of $32? Use put-call parity to solve.

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