A stock is selling for $60 per share. A call option with an exercise price of $67 sells for $3.31 and expires in 4 months. The risk-free rate of interest is 2.8 percent per year, compounded continuously. What is the price of a put option with the same exercise price and expiration date?
A) $8.99
B) $9.23
C) $9.47
D) $9.69
E) $9.94
Correct Answer:
Verified
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