# Question: a put option that expires in six months with an...

###### Question details

A put option that expires in six months with an exercise price
of $45 sells for $4.80. The stock is currently priced at $41, and
the risk-free rate is 3.3 percent per year, compounded
continuously.

What is the price of a call option with the same exercise price?
**(Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)**