Use the Black-Scholes model to find the value for a European put option that has an exercise price of $62 and four months to expiration. The underlying stock is selling for $63 currently and pays an annual dividend of $1.92. The standard deviation of the stock's returns is 0.21 and risk-free interest rate is 0.05%. (Round intermediary calculations to 4 decimal places. Round your final answer to 2 decimal places.) Put value $ 2.61