Jafee Corp

question 17

Multiple Choice

Jafee Corp.common stock is priced at $36.50 per share.The company just paid its $0.50 quarterly dividend.Interest rates are 6.0%.A $35.00 strike European call,maturing in 6 months,sells for $3.20.What is the price of a 6-month,$35.00 strike put option?

• A) $1.20
• B) $1.64
• C) $2.04
• D) $2.38

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