Question: A call option on ABC Corp. stock with an exercise price of $45 and an expiration date 1 year from now is worth $2.7 today.

A call option on ABC Corp. stock with an exercise price of $45 and an expiration date 1 year from now is worth $2.7 today. A put option on ABC Corp. stock with an exercise price of $45 and an expiration date 1 year from now is worth $2.20 today. The risk-free rate of return is 8%, and ABC Corp. pays no dividends. The stock should be worth __________ today.

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