Put-Call Parity ·
C − P = S − K·e^(−rT)
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.com · Stoll 1969 · No-arbitrage · Synthetic forward
Strike
K = $100
Beat
—
Beat
—
Portfolio A · Call + Bond
Portfolio B · Put + Stock
Same payoff = max(S, K)
Stock price S(T)
Strike K
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.com · Put-Call Parity