The current price of a stock is $50, the annual risk-free rate is 6%, and a 1-year call option with a strike price of $55 sells for $7.20. What is the value of a put option, assuming the same strike price and expiration date as for the call option?
A. $7.33
B. $7.71
C. $8.12
D. $8.55
E. $9.00
Answer: E
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Answer the following statement true (T) or false (F)