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  3. a call is priced at $3.96 with an exercise of $60.

A CALL is priced at $3.96 with an exercise of $60.00 and 57 days to...

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A CALL is priced at $3.96 with an exercise of $60.00 and 57 days to expiration. What is the price of a similar PUT option with the same exercise price and time to expiration assuming a risk-free rate of 5.00% when the stock is currently priced at $61.80 ? Assume put/call parity, continuous compounding, and 365 days per year. \begin{tabular}{l} \hline 1.92 \\ \hline 1.69 \\ \hline 1.75 \\ \hline 1.63 \\ \hline 1.82 \end{tabular}

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