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The stock of Lead Zeppelin, a metal manufacturer, currently sells for ( $ 69 ) and has an annual stanctard deviation of 50 percent. The

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The stock of Lead Zeppelin, a metal manufacturer, currently sells for \\( \\$ 69 \\) and has an annual stanctard deviation of 50 percent. The ritik free rate is 5.4 percent. What is the value of a put option with a strike price of \\( \\$ 70 \\) and 29 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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