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A call option is currently selling for $5.20. It has a strike price of $40 and five months to maturity. The current stock price is

A call option is currently selling for $5.20. It has a strike price of $40 and five months to maturity. The current stock price is $42 and the risk-free rate is 3.7 percent. The stock will pay a dividend of $1.75 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.)

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