Use the Black-Scholes model to find the value for a European put option that has an exercise price of $62.00 and four months to expiration. The underlying stock is selling for $64.00 currently and pays an annual dividend of $1.17. The standard deviation of the stock's returns is 0.09 and risk-free interest rate is 2.5%. (Round intermediary calculations to 4 decimal places. Round your final answer to 2 decimal places.) Put value $