Exercise price and expiration date as the call option

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The current price of a stock is $40 and the annual risk-free rate is 6 percent. A call option with an exercise price of $45 and one year until expiration has a current value of $6.65. What is the value of a put option (to the nearest dollar) written on the stock with the same exercise price and expiration date as the call option?

Reference no: EM131550772

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