A call option is currently selling for $4.60. It has a strike price of $70 and three

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A call option is currently selling for $4.60. It has a strike price of $70 and three months to maturity. A put option with the same strike price sells for $8.30. The risk-free rate is 6 percent, and the stock has a dividend yield of 1.8 percent. What is the current stock price?

Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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