Current Attempt in Progress

The market value of Concord Motors stock is currently $$53\mathrm{.}60$ per share, and the annual risk$-$free rate is $3$ percent. A three$-$month call

option on the stock with a strike price of $$55$ sells for $$1\mathrm{.}95.$ What is the value of a put option on Concord Motors stock that has the

same strike price and expiration date if there are no arbitrage opportunities? $($Round intermediate calculations to $4$ decimal places, e$.$g$.$

$1\mathrm{.}5525$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The value of a put option is $