What is the price of put option with the same exercise price

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A stock is currently selling for $79 per share. A call option with an exercise price of $83 sells for $3.95 and expires in three months.

If the risk-free rate of interest is 2.8 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Round your answer to 2 decimal places. (e.g., 32.16))

Put price- ?

Reference no: EM13918446

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