Derivatives Topic Test Question

Can anyone help me with the 2nd question on Derivatives Topic test #5

The share price is asked using the put call parity equation and i dont understand from where the PV of dividends has been deducted from the stock. Can anyone help me how they came with the dividend no.


The PV of dividends deducted is 2.96. It is calculated as below

The formula for quarterly discount factor using 2% annual interest rate is


So first quarter is 1.02^90/360

Winters. Name of the topic test is Winters :slight_smile:

oh i missed that part. thank you!