Required: A put option on a stock with a current price of $45 has an exercise price of $47. The price of the corresponding call option is $4.05. According to put-call parity, if the effective annual risk-free rate of interest is 6% and there are four months until expiration, what should be the price of the put? Assume there is no dividends. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the put