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We are valuating the options of LMK Inc with following information. Stock price (P s ) $48 Strike (P e ) $55 Time to expiration

We are valuating the options of LMK Inc with following information.

Stock price (Ps) $48
Strike (Pe) $55
Time to expiration (T) 1
Standard deviation () 0.3
Interest rate (r) 0.05

Through Black-Scholes model, we find that the price of a call option is $4.06. By the put-call parity, what should be the price of the put option? Round your answer to two decimals.

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