There is a European put option on a stock that expires in two months. The stock price is $76 and the standard deviation of the stock returns is 58 percent. The option has a strike price of $84 and the risk-free interest rate is an annual percentage rate of 4.8 percent. What is the price of the put option today? Use a two-state model with one- month steps. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Put value