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You buy a share of stock, write a one-year call option with a strike price X = $21, and buy a one-year put option with

You buy a share of stock, write a one-year call option with a strike price X = $21, and buy a one-year put option with a strike price X = $21. Your net initial cost to establish the entire portfolio is $19.60. What must be the risk-free interest rate from now until the options maturity date? The stock pays no dividends.

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