European put option on the stock with a strike price

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The price of a European call option on a non-dividend-paying stock with a strike price of $40 is $5. The stock price is $41, the continuously compounded risk-free rate (all maturities) is 6% and the time to maturity is one year. What, to the nearest cent, is the price of a one-year European put option on the stock with a strike price of $40?

Reference no: EM13938016

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