Business, 11.06.2020 20:57 maystrenko53

Stock X is expected to pay a $7 dividend every 12 months, starting later today. Suppose that Tammy owns a European put option for Stock X with an expiration date of today, and an exercise price of $55. Find the range of effective annual rates that would result in a Stock X price that would make it beneficial for Tammy to exercise her put option.

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