Consider a stock priced at $30 with and the compounded risk-free rate is 0.05. There are put and call options available at exercise prices of 30 and a time to expiration of six months. The calls are priced at $2.89 (premium) and the puts cost $2.15 (premium). There are no dividends on the stock and the options are European. Assume that all transactions consist of 100 shares or one contract.

2. What is the breakeven stock price at expiration on the transaction for the put?