Question: Please do not use an online calculator and solve those questions with explanations and equations. Compute the value of a put option for company X
Please do not use an online calculator and solve those questions with explanations and equations.

Compute the value of a put option for company X based on the following details: Stock price = $ 26.6, strike price = $ 25.6, Call option price = $ 5.1, interest (r) = 0.4 % (daily) and t = 95 days. (Round to one decimal place)
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