Question: The price of a non-dividend paying stock is ($19) and the price of a three-month European call option on the stock with a strike price

The price of a non-dividend paying stock is \($19\) and the price of a three-month European call option on the stock with a strike price of \($20\) is \($1.\) The risk-free rate is 4% per annum.

What is the price of a three-month European put option with a strike price of \($20?\)

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