The current price of a stock is $62.25 and the annual effective risk-free rate is 5.9 percent. A call option with an exercise price of $55 and one year until expiration has a current value of $10.68. What is the value of a put option written on the stock with the same exercise price and expiration date as the call option? Show your answer to the nearest .01. Do not use $ or , in your answer. Because of the limitations of WEBCT random numbers, some of the options may be trading below their intrinsic value.