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The stock price is $ 1 0 0 . The interest rate is 5 % . A European Call option on the stock, with a

The stock price is $100. The interest rate is 5%. A European Call option on the stock, with a strike price of $105 and expiration in one year, is worth $18.50. How much is a European Put option, with the same strike price and maturity, worth? The stock is not expected to pay dividend during the year.

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