A stock has a current price of $50 per share, and the annual standard deviation of its price is 0.32. A certain European call option on this stock has a delta of 0.5901, a gamma of 0.0243, and an annual theta of −4.9231. The annual continuously compounded risk-free interest rate is 0.08. What is the price of a European put option on the stock? Both options have a strike price of $53 and a 1-year maturity.