In December 2014, a 13-month call on a stock, with an exercise price of $405, sold for $46.10. The stock price was $405. The risk-free interest rate was 5%. Assume that the stock options are European options. (Note: This stock does not pay a dividend.)

How much would you be willing to pay for a put on this stock with the same maturity and exercise price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Price of a put $