Multiple Choice
J&N stock has a current market price of $51.97 a share and the annual risk-free rate is 4.2 percent, compounded continuously. The 1-year call on this stock with a strike price of $55 is priced at $2.30. What is the price of the one-year put with a strike price of $55?
A) $3.07
B) $2.86
C) $3.22
D) $2.94
E) $2.99
Correct Answer:
Verified
Correct Answer:
Verified
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