Make use of an arbitrage argument to derive the put-call


Make use of an arbitrage argument to derive the put-call parity formula C+Ke−r(T−t) = P+X(t), relating the time t prices of a European call option C and a European put option P, both with the same expiry date T and the same strike price K, on an underlying asset whose current price is X(t). The risk-free interest rate is r.

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Financial Management: Make use of an arbitrage argument to derive the put-call
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