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Today's price of McDonalds (MCD) is $150. MCD does not pay dividends. A dealer quotes you a price of $26.68 on a European call option

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Today's price of McDonalds (MCD) is $150. MCD does not pay dividends. A dealer quotes you a price of $26.68 on a European call option on MCD with a strike of $150 and a maturity of one year. The c.c. risk-free interest rate is twelve percent. Assume there is no arbitrage. What is the price of a European put option on MCD with a strike of $150 and a maturity of one year? Round your answer to three decimal places

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