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 $63.50 currently and pays an annual dividend of $2.07. The standard deviation of the stocks returns is 0.24 and risk-free interest rate is 5.5%. (Round intermediary calculations to 4 decimal places. Round your final answer to 2 decimal places.)