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The current price of a stock is $35, and the ahnual risk-free rate is 3%. A call option with a strike price of $32 and

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The current price of a stock is $35, and the ahnual risk-free rate is 3%. A call option with a strike price of $32 and with 1 year until explration has a current value of $5.52. What is the value of a put option written on the stock with the same exerdse price and expiration date as the call option? Do not round intermedinte calculabons. Round your answer to the nearest cent. 3

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