Question: You are considering purchasing a put option on a stock with a current price of $30. The exercise price is $27, and the price of

You are considering purchasing a put option on a stock with a current price of $30. The exercise price is $27, and the price of the corresponding call option is $6. According to the put-call parity theorem, if the risk-free rate of interest is 5%, and there are 9 months until expiration. What is the value of the put? Keep two decimal places.

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