Grocery Express Stock Is Selling for $22 a Share

question 37

Multiple Choice

Grocery Express stock is selling for $22 a share.A 3-month,$20 call on this stock is priced at $2.85.Risk-free assets are currently returning 0.2 percent per month.What is the price of a 3-month put on Grocery Express stock with a strike price of $20?

• A)$0.37
• B)$0.73
• C)$0.87
• D)$1.10
• E)$1.18

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