A stock is currently selling for $70 per share. A call option with an exercise price of $74 sells for $3.50 and expires in three months.

If the risk-free rate of interest is 3.0 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 final answer to 2 decimal places. (e.g., 32.16))

Put price

$