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We consider a market that consists of a dividend-paying stock and a risk-free asset. Suppose we have a European put option with payoff max(KST,0). The

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We consider a market that consists of a dividend-paying stock and a risk-free asset. Suppose we have a European put option with payoff max(KST,0). The put option price is denoted as P(K,T;). Find an explicit equality relating the C(K,T;) and P(K,T;), i.e., put-call parity. Based on the parity, find a closed-form pricing formula for the Europcan put

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