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You are considering purchasing a put option on a stock with a current price of $58. The exercise price is $61, and the price of

You are considering purchasing a put option on a stock with a current price of $58. The exercise price is $61, and the price of the corresponding call option is $4.25. According to the put-call parity theorem, if the risk-free rate of interest is 7% and there are 90 days until expiration, the value of the put should be ____________.

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