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A stock is currently selling for $76 per share. A call option with an exercise price of $78 sells for $3.80 and expires in three

A stock is currently selling for $76 per share. A call option with an exercise price of $78 sells for $3.80 and expires in three months.

If the risk-free rate of interest is 2.5 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

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