Required: A put option on a stock with a current price of $33 has an exercise price of $35. The price of the corresponding call option is $2.25. According to put-call parity, if the effective annual risk-free rate of interest is 4% and there are three 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.)