Grocery Express Stock Is Selling for $22 a Share

Multiple Choice

Grocery Express stock is selling for $22 a share.A 3-month,$20 call on this stock is priced at $2.85.Risk-free assets are currently returning 0.2 percent per month.What is the price of a 3-month put on Grocery Express stock with a strike price of $20?

A) $0.37
B) $0.73
C) $0.87
D) $1.10
E) $1.18