Suppose that a call option with a strike price of $43 expires in one year and has a current market price of $5.16. The market price of the underlying stock is $46.18, and the risk-free rate is 3%. Use put-call parity to calculate the price of a put option on the same underlying stock with a strike of $43 and an expiration of one year.

The price of a put option on the same underlying stock with a strike of $43 and an expiration of one year is $__ (Round to the nearest cent.)