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LOL Ltd has a current share price of $50. A call option written on LOL, which has a strike price has $55 and 8 months to expiry, is trading at $6.29.
If the riskfree rate of interest is 7% pa (continuously compounded), what is the correct price for a put option on LOL with $55 strike price and 8 months to expiry?
Do not enter the dollar sign "$" in your answer. Your answer should have at least two decimal places.
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