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A put option on a stock with a current price of $50 has an exercise price of $52. The price of the corresponding call option
A put option on a stock with a current price of $50 has an exercise price of $52. The price of the corresponding call option is $4.80. According to put-call parity, if the effective annual risk-free rate of interest is 5% and there are four months until expiration, what should be the value of the put? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Value of the put $
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