There is both a call option and a put option available on, Financial Management

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There is both a call option and a put option available on

There is both a call option and a put option available on PQA Co. stock. Both options have a strike price of $23. Both options have a premium of $4. Is the current stock price higher or lower than $23 in the following two cases? (Explain why) Both options expire in three months. The put option expires in one month while the call option expires in three months. Please explain your answer.

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