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A call option with 1 month to expiration currently sells for $0.70. A put option...

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Finance

A call option with 1 month to expiration currently sells for $0.70. A put option with the same expiration sells for $1.10. The options are European style. The risk-free rate is 3 percent per year and the strike price of both options is $17.50. What is the current stock price?

Select one:

a. $17.06

b. $17.63

c. $17.29

d. $17.86

e. $16.87

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