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If the common stock of Company X is $100 per share, and the price of...

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Accounting

If the common stock of Company X is $100 per share, and the price of 3-month call option at an exercise price of $100 is $10. If the risk-free interest rate is 8% per year and no arbitrage opportunity exists, what would be the price of 3-month put option on this stock at an exercise price of $100? (Hint: use put-call parity)

A. $7.65

B. $8.56

C. $10.00

D. $8.09

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