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The stock of Carboro Enterprises currently sells for $55. European call options on the stock with an exercise price of $50 currently sell for $6.

The stock of Carboro Enterprises currently sells for $55. European call options on the stock with an exercise price of $50 currently sell for $6. If the call option expires in 3 months and the risk-free interest rate is 5%, what is the price of a European put option with the same exercise price?

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