A stock is currently selling for $47 per share. A call option with an exercise price of

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A stock is currently selling for $47 per share. A call option with an exercise price of $50 sells for $2.61 and expires in three months. If the risk-free rate of interest is 3.9 percent per year, compounded continuously, what is the price of a put option with the same exercise price?

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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