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You buy a share of stock, write a 1-year call option with X = $35, and buy a 1-year put option with X = $35.

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You buy a share of stock, write a 1-year call option with X = $35, and buy a 1-year put option with X = $35. Your net outlay to establish the entire portfolio is $34. The stock pays no dividends. What is the risk-free interest rate? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Risk-free rate %

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