Rob wishes to buy a European put option on BioLabs, Inc., a non-dividend-paying common stock, with a strike price of $80 and six months until expiration. The company's common stock is currently selling for $48 per share and Rob expects that the stock price will either rise to $96 or fall to $33 in six months. Rob can borrow and lend at the risk-free EAR of 6 percent.

a.	What should the put option sell for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	What is the delta of the put? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c.	How much would Rob have to lend to create a synthetic put? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d.	How much does the synthetic put option cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

A. Put Option Price____?

B. Put Delta ____?

C. Amount to Lends____?

D. Option Price____?