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The common stock of Triangular File Company is selling at $98. A 39-week call option written on Triangular Files stock is selling for $16. The

The common stock of Triangular File Company is selling at $98. A 39-week call option written on Triangular Files stock is selling for $16. The calls exercise price is $108. The risk-free interest rate is 3% per year.

Suppose that puts are traded. What should a 39-week put with an exercise price of $108 sell for? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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