A stock is currently selling for $64 per share. A call option with an exercise price of $68 sells for $3.20 and expires in three months

If the risk-free rate of interest is 2.4 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

A stock is currently selling for $64 per share. A call option with an exercise price of $68 sells for $3.20 and expires in three months. If the risk free rate of interest is 2.4 percent per year compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Put price References eBook & Resources eBook: 22.3 Put Options