1. Suppose the exchange rate is 0.95 $/, the euro-denominated continuously compounded interest rate is 4%, the dollar-denominated continuously compounded interest rate is 6%, and the price of a 1-year $0.93-strike European call on the euro is $0.0571. What is the price of a $0.93-strike European put? [Hint: Construct an option portfolio to mimic the payoff of a foreign currency forward contract and then use the forward evaluation to derive the put-call parity relationship.]