What should be the price of the european put option

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The price of a European call option with 3 months to expiration and strike price of $30 is $2.50. The underlying stock price is $31, and a dividend of $1 is expected in 2 months. The continuously compounded risk-free interest rate is 10% per year. To exclude arbitrage opportunity, what should be the price of the European put option with the same maturity and strike price?

Reference no: EM131513293

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