Examlex

Solved

Suppose a Situation Exists Where You Can Purchase a Share

question 21

Essay

Suppose a situation exists where you can purchase a share of stock for $25, purchase a put option on the stock for $3, and write a call option against the stock for $4. Also suppose that holding these three positions guarantees a payoff of $30 one year from today. If the risk free rate is 20%, does put-call parity hold? If not, then what new price of the put option would allow put-call parity to hold?


Definitions:

Exergonic Reaction

A chemical reaction that releases energy to the surroundings, often contributing to spontaneous processes, such as cellular respiration.

Ethanol Breakdown

The metabolic process by which ethanol is converted into acetaldehyde and then acetic acid, primarily in the liver.

Aldehyde Dehydrogenase

An enzyme that plays a crucial role in alcohol metabolism by oxidizing aldehydes into acids, reducing the toxic effects of alcohol consumption.

Acetaldehyde

A volatile, flammable, and colorless liquid compound that is an intermediate in the production of acid and alcohol metabolism.

Related Questions