Calculate the fair value of the put option

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Question 1: James wants to determine the fair value of a put option with strike price $30 due to expire in 2 years. A call with the same strike price and expiration is worth $15. The risk-free rate is 4%. The Spot Price of the underlying asset is $42.Using Put - Call Parity, calculate the fair value of the put option?

Reference no: EM132601769

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