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


e

Business

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