The current price of a stock is $32, and the annual risk-free rate is 3%. A call option with a strike price of $30 and 1 year until expiration has a current value of $6.50. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Round your answer to the nearest cent.
The Company provides writing and research services to its clients for limited use as indicated in its Terms and Conditions. Users of such services are in no way authorised to reproduce any part of or all of a paper, term paper, essays etc. provided by the Company, unless it is correctly referenced. Nor will the Company accept any liability towards third parties should the papers be used incorrectly.
Phone: +1 (838) 201-9045