Put by put$-$call parity.

A call option on a share of Mars Inc. common stock with a strike price of $$44$ currently sells for $4\mathrm{.}75,$ and the shares

are currently selling for $$36$ each. The continuously compounded risk$-$free rate of interest is $6\%$ per year and the call

option has $8$ months to expiry. What would be a fair price for a put option on a share of Mars stock if it also has

$8$ months to expiry and a $$44$ strike price?

$

Round your answer to the nearest cent USE EXCEL AND SHOW FORMULA