A stock is currently selling for $79 per share. A call option with an exercise price of $83 sells for $3.95 and expires in three months.
If the risk-free rate of interest is 2.8 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Round your answer to 2 decimal places. (e.g., 32.16))
Put price- ?