A call option is currently selling for $7.20. It has a strike price of $55 and five

Question:

A call option is currently selling for $7.20. It has a of $55 and five months to maturity. The current stock price is $58, and the risk-free rate is 5.3 percent. The stock has a yield of 1.2 percent. What is the price of a put option with the same exercise price?

Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...