hard · CFA Level I derivatives

Oakridge Capital is evaluating a European call and put on a non-dividend-paying stock trading at 50. Both options have a strike price (K) of 50 and expire in six months. The continuously compounded risk-free rate is 4%. If the call trades at 4.50, the arbitrage-free price of the put is closest to:

  1. 4.50
  2. 3.52
  3. 3.51

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