Stock ABC trades for $60 and has a 1-year call and put options with exercise price of $60. The continuous risk-free rate is 5%. The value of the call option is $4.09. Using the put-call parity with continuous risk-free rate, what is the value of the put option on stock ABC? 1) $1.16 2) $1.38 3) $1.51 4) $1.75 5) $1.92