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Patterson Inc. is currently selling its shares at $45, and a six-month European call option on those shares, with a $45 strike price, is selling at $1.50. If the risk free rate is 5 percent, what is the value of a six-month European put option on the same stock with $45 strike price? Choose the closest alternative.
A) $0.64
B) $0.40
C) $0.91
D) $0.14
Please specify your answer. Highly appreciate!
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