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The current price of Rajesh Robots, Inc.'s stock is $155 per share and the price of a 3-month call option at an exercise price of
The current price of Rajesh Robots, Inc.'s stock is $155 per share and the price of a 3-month call option at an exercise price of $155 is $5.40. The stock pays no dividends. If the risk-free interest rate is 8% per year, what must be the price of a 3-month put option on Rajesh Robots, Inc. stock at an exercise price of $155? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of put option
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