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A call option with an exercise price of $75 and four months to expiration has a price of $4.25. The stock is currently priced at $74.80, and the risk-free rate is 3 percent per year, compounded continuously. What is the price of a put option with the same exercise price? (Round your answer to 2 decimal places. (e.g., 32.16))

Put option price $

Financial Management, Finance

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