Use the following put call international parity and the following information to approximately price a put option: Current stock price = $12.35,...

Use the following put call international parity and the following information to approximately price a put option: Current stock price = $12.35, Strike price = $15.48, Call price = $2.11, Remaining time until maturity = 3 months, Risk free interest rates in foreign and domestic markets, respectively, are: 5% and 4%.

P+S0 e^−r T =C+K e^ -r T

A. $5.24 B. $4.24 C. $3.24 D. $2.24 E. $1.24