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Problem 15-11 Put-Call Parity (L04, CFA1) A call option is currently selling for $5.60. It has a strike price of $120 and four months to

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Problem 15-11 Put-Call Parity (L04, CFA1) A call option is currently selling for $5.60. It has a strike price of $120 and four months to maturity. The current stock price is $122 and the risk-free rate is 3.1 percent. The stock will pay a dividend of $2.25 in two months. What is the price of a put option with the same exercise price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of a put option

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