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What is the payoff? $25, and buy You buy a share of stock, write a one-year call option with X= one-year put option with X=

image text in transcribedWhat is the payoff?

$25, and buy You buy a share of stock, write a one-year call option with X= one-year put option with X= $25. Your net outlay to establish the entire portfolio is $23.60. What must be the risk-free interest rate? The stock pays no dividends. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Payoff 5.93 % Risk-free rate

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