Calculate the put price (P), according to put-call parity, given the information in Practice Problem 29. Given

Question:

Calculate the put price (P), according to put-call parity, given the information in Practice Problem 29.
Given the following information: stock price (S) = $36, (X) = $32, risk-free rate (r) = 5%, t = 2 years, σ = 20%.

Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.