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Bavarian Brew, Inc. stock currently sells for $11 per share. Put and call options on Bavarian are available with a strike price of $20 with

image text in transcribed Bavarian Brew, Inc. stock currently sells for $11 per share. Put and call options on Bavarian are available with a strike price of $20 with an expiration date of one year. Currently a Bavarian call option is selling at $4 and the risk-free rate is 6%. What is the price of the Bavarian put option? $1.25 $11.87 $18.54 $8.14

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