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Problem 15-8 Put-Call Parity (LO4, CFA1) A call option is currently selling for $3.40. It has a strike price of $60 and seven months to

Problem 15-8 Put-Call Parity (LO4, CFA1)

A call option is currently selling for $3.40. It has a strike price of $60 and seven months to maturity. What is the price of a put option with a $60 strike price and seven months to maturity? The current stock price is $61 and the risk-free interest rate is 6 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

1) Put Price =

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