If the risk-free rate of interest is 25 percent per year


A stock is currently selling for $65 per share. A call option with an exercise price of $70 sells for $3.25 and expires in three months. If the risk-free rate of interest is 2.5 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Put price $

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Financial Management: If the risk-free rate of interest is 25 percent per year
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