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  3. the current price of a stock is $34, and the annua

The current price of a stock is $34, and the annual...

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Accounting

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The current price of a stock is $34, and the annual risk-free rate is 7%. A call option with a strike price of $31 and with 1 year until expiration has a current value of $5.66. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Do not round intermediate calculations. Round your answer to the nearest cent

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