What is the price of put option with same exercise price

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Reference no: EM131923935

A stock is currently selling for $70 per share. A call option with an exercise price of $74 sells for $3.50 and expires in three months.

If the risk-free rate of interest is 3 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131923935

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