Assume the spot Swiss franc is $0.7052 and the six-month forward rate is $0.6976. What is the minimum price that a six-month American put option with a striking price of $0.6826 should sell for in a rational market? Assume the annualized six-month Eurodollar rate is 3.5 percent.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)