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A call option on Juniper Corp. stock with an exercise price of $55 and an expiration date 1 year from now is worth $3.1 today.

A call option on Juniper Corp. stock with an exercise price of $55 and an expiration date 1 year from now is worth $3.1 today. A put option on Juniper Corp. stock with an exercise price of $55 and an expiration date 1 year from now is worth $2.60 today. The risk-free rate of return is 5%, and Juniper Corp. pays no dividends. The stock should be worth __________ today.

$56.21

$52.82

$60.34

$54.78

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