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The current price of a stock is $35, and the annual risk-free rate is 6%. A call option with a strike price of $31 and

The current price of a stock is $35, and the annual risk-free rate is 6%. A call option with a strike price of $31 and with 1 year until expiration has a current value of $7.36. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Do not round intermediate calculations. Round your answer to the nearest cent.

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