You are presented with the following information:

You can buy calls and/or put options on a stock with a current price of $59.00. The striking price for either option is $61.00. A call option with that striking price has a current value of $6.20. The prevailing risk-free rate is 6.00%. What must be the current value of a put option on the stock? Both options (calls and puts) written on the same stock and both with 1 year until expiration. *** In your calculations, use simple discounting instead of continuous discounting. Also, do not enter the dollar sign and use two decimals (round off to 2 decimals).