Suppose the current price of Narver Network Systems stock is $$49\mathrm{.}89$ per share. In each of the next two years, the

stock price will either increase by $18\%$ or decrease by $9\%.$ The $4\mathrm{.}4\%$ one$-$year risk$-$free rate of interest will remain

constant. Suppose the put option with a strike price of $$60\mathrm{.}00$ actually sold today for $$6\mathrm{.}41.$ You do not know what the

option will trade for next period. Describe a trading strategy that will yield arbitrage profits.

The price of the two$-$year put is $

$($Round to the nearest cent.$)$