What is price of put option with the same exercise price

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Reference no: EM131888827

A stock is currently selling for $38 per share. A call option with an exercise price of $45 sells for $2.95 and expires in three months. If the risk-free rate of interest is 3.76 % per year, compounded continuously, what is the price of a put option with the same exercise price and expiration? (Round answer to 2 decimal places. Do not round intermediate calculations).

Reference no: EM131888827

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