Problem:
A call option is currently selling for $2.60. It has a strike price of $50 and two months to maturity. What is the price of a put option with a $50 strike price and two months to maturity? The current stock price is $51, and the risk-free interest rate is 4 percent.
Required:
Question: What is the Price of a put option?
Note: Please explain comprehensively and give step by step solution.