Question: A call option on Juniper Corp. stock with an exercise price of $75 and an expiration date one year from now is worth $3.00 today.

A call option on Juniper Corp. stock with an exercise price of $75 and an expiration date one year from now is worth $3.00 today. A put option on Juniper Corp. stock with an exercise price of $75 and an expiration date one year from now is worth $2.50 today. The risk-free rate of return is 8% p.a. continuously compounded and Juniper Corp. pays no dividends. If the put-call parity holds, the stock should be worth __________ today.

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