The Put/call parity states that c + Ke ^-rT = p + S, where c is the call price, K is the strike price, r is the risk free rate, T is the time to expiration (in years), p is the put price and S is the stock price. Do you see any violations of this relationship in the quoted Lotus option price

uupllcate Wlth your changes has been created. -3- 17? 295-096 0. 3 ;, Exhibit 1 Selected Closing Option Prices, January 18, 1994 N 2 EA. Options on AT&T Corp.'s Stocks 2_____ Q- Stock's Month of Maturity Month of Maturity g Closing Exercise 1994 1 995 1996 Exercise 1994 1995 1996 \"25' Price Price Jan. Feb. April July Jan. Jan. Price Jan. Feb. April July Jan. Jan. 2, E g Calls Puts 3 '