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3. a put option and a call option with an exercise...

# Question: a put option and a call option with an exercise...

###### Question details

A put option and a call option with an exercise price of $75 expire in three months and sell for$0.96 and $5.20, respectively. If the stock is currently priced at$78.40, what is the annual continuously compounded rate of interest? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

Rate of interest            %