It is currently Nov 1 and the stock price for ZZZ Corp is 113.25. The risk-free rates are 7.30% (Nov), 7.50% (Dec) and 7.62%(Jan). The expiration dates for the options are Nov 15, Dec 20, and Jan 17. Assume the options are European and no dividends are paid.
	Calls			Puts
Strike	Nov	Dec	Jan	Nov	Dec	Jan
105	8.4	10	11.5	1.3	1.3	2
110	4.4	7.1	8.3	0.9	2.5	3.8
115	1.5	3.9	5.3	2.8	4.8	4.8

what is the time value of the December 105 put?

	1.75
	2.80
	1.05
	0.00
	none of the above