For a stock you are given: (i) The current price is 50. (ii) The continuous dividend rate is 0.02 (iii) The continuously compounded risk-free interest rate is 6%. Compound options with strike price 5.00 and 3-month expiry allow buying an option on the stock expiring 1 year from now with a strike price of 55. The following table has prices for 3 of the 4 compound options.

Determine the price of the Put on Put option.

Call on ... Call | Put 1.8 3.6 1.25 1.99 | Put on ... Call on ... Call | Put 1.8 3.6 1.25 1.99 | Put on