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HighFlyer Stock currently sells for $48. A one-year call option with strike price of $55 sells for $9, and the risk-free interest rate is 6%.

HighFlyer Stock currently sells for $48. A one-year call option with strike price of $55 sells for $9, and the risk-free interest rate is 6%. What is the price of a one-year put with strike price of $55? (Hint, use the put/call parity formula.)

Select one:

a. $9.00

b. $12.89

c. $16.00

d. $18.72

e. $15.60

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