A call option is currently selling for $4.40. It has a strike price of $125 and two months to maturity. The current stock price is $127, and the risk-free rate is 3.2 percent. The stock will pay a dividend of $2.35 in two months. What is the price of a put option with the same exercise price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price of a put option

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