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You buy a share of stock, write a one-year call option with X = $24, and buy a one-year put option with X = $24.

You buy a share of stock, write a one-year call option with X = $24, and buy a one-year put option with X = $24. Your net outlay to establish the entire portfolio is $22.60. 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.)

Risk-free rate %

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