Question: You are considering purchasing a put option on a stock with a current price of $34. The exercise price is $36, and the price of

You are considering purchasing a put option on a stock with a current price of $34. The exercise price is $36, and the price of the corresponding call option is $3.05. According to the put-call parity theorem, if the risk-free rate of interest is 5% and there are 90 days until expiration, the value of the put should be ____________.

$3.05

$4.75

$6.22

$4.62

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